Emami Limited approves ₹282 crore share buyback at ₹475
after close1 source ↓written by the desknot a recommendation
- via the open
- ₹475 per share
- is capped
- ₹282 crore
- 59,36,842 shares
- of the paid-up
- 1.36%
The Board of Directors of Emami Limited has approved a share buyback at a maximum price of ₹475 per share via the open market. The total buyback is capped at ₹282 crore, targeting the purchase of up to 59,36,842 shares, representing 1.36% of the paid-up equity capital.
This buyback is expected to enhance shareholder value and provide a positive pricing anchor for the stock. The move excludes promoters and the promoter group, indicating a focus on enhancing liquidity in the market.
Not investment advice. For informational purposes only.