Kajaria Ceramics completes ₹296.70 crore buyback
Kajaria Ceramics completed a buyback of 21,50,000 shares at ₹1,380 each, totaling ₹296.70 crore. The buyback received 50,878 valid bids, indicating strong demand, which may enhance shareholder value and market sentiment.
after close1 source ↓written by the desknot a recommendation
- its buyback
- 21,50,000 shares
- per share
- ₹1,380
- totaling
- ₹296.70 crore
- strong response
- 50,878 valid bids
- 2,83,23,929 shares
Kajaria Ceramics has successfully completed its buyback of 21,50,000 shares at ₹1,380 per share, totaling ₹296.70 crore. The buyback, conducted via tender offer, saw a strong response with 50,878 valid bids for 2,83,23,929 shares, representing 13.17 times the proposed amount.
This buyback enhances shareholder value and may positively impact market sentiment towards the stock.
Not investment advice. For informational purposes only.