Mumbai, Nov. 13 -- The company's board has approved the buyback of up to 6,59,34,065 fully paid-up equity shares, representing approximately 6.86% of its paid-up equity share capital. The buyback will be undertaken on a proportionate basis, in accordance with applicable SEBI regulations.
At Rs 91 per share, the buyback price represents a premium of approximately 24% over the reported BSE closing price of Rs 73.50. The company has fixed November 25, 2026, as the record date for determining shareholders eligible to participate in the buyback. The promoters and members of the promoter group have confirmed that they will not participate in the offer.
The board approved the buyback after evaluating the company's financial position, free cash f...