Kajaria Ceramics completes ₹296.70 crore buyback
Kajaria Ceramics completed its buyback of 21,50,000 shares at ₹1,380 each, totaling ₹296.70 crore. The buyback was oversubscribed 13.17 times, indicating strong shareholder interest and potential positive market sentiment.
pre-market1 source ↓written by the desknot a recommendation
- its buyback
- 21,50,000 shares
- each
- ₹1,380
- totaling
- ₹296.70 crore
- saw
- 50,878 valid bids
- 2,83,23,929 shares
Kajaria Ceramics has successfully completed its buyback of 21,50,000 shares at ₹1,380 each, totaling ₹296.70 crore. The buyback, conducted via tender offer, saw 50,878 valid bids for 2,83,23,929 shares, indicating a 13.17 times oversubscription.
This significant buyback reflects strong shareholder interest and may enhance earnings per share, potentially impacting market sentiment positively.
Not investment advice. For informational purposes only.