Kajaria Ceramics announces ₹297 cr share buyback plan
Kajaria Ceramics announced a ₹296.70 crore share buyback plan for up to 21.50 lakh shares at ₹1380 each. The move aims to enhance shareholder value, with promoters opting out of participation.
pre-market1 source ↓written by the desknot a recommendation
- 21.50 lakh equity shares
- per share
- ₹1380
- totaling
- ₹296.70 crore
Kajaria Ceramics has announced a share buyback of up to 21.50 lakh equity shares at ₹1380 per share, totaling ₹296.70 crore. Notably, promoters will not participate in this buyback.
This initiative aims to return surplus cash to shareholders, potentially enhancing shareholder value and improving financial metrics like return on equity.
Not investment advice. For informational purposes only.