Emami approves ₹2.82 billion buyback at ₹475
pre-market1 source ↓written by the desknot a recommendation
- share buyback
- ₹2.82 billion
- per share
- ₹475
- covering
- 5.94 million shares
- Currently trading
- ₹396
- below the buyback
- 16.6%
Emami's board has approved a ₹2.82 billion share buyback at a maximum price of ₹475 per share, covering up to 5.94 million shares. Currently trading at ₹396, the stock is 16.6% below the buyback ceiling, providing a clear capital-return reference point for investors. This move may enhance shareholder value and support stock price stability.
Not investment advice. For informational purposes only.