Emami approves ₹282 crore share buyback at ₹475
pre-market1 source ↓written by the desknot a recommendation
- at a maximum
- ₹282 crore
- per share
- ₹475
- of the company's
- 1.36%
- over the previous
- 28.57% premium
- previous close
- ₹369.45
Emami Limited's Board has approved a share buyback of up to ₹282 crore at a maximum price of ₹475 per share via the open market. This buyback aims to repurchase approximately 1.36% of the company's paid-up equity capital, rewarding shareholders and optimizing its capital structure.
The buyback price represents a 28.57% premium over the previous close of ₹369.45, indicating strong support for the stock in the market.
Not investment advice. For informational purposes only.