Board Meeting8 May 2024, 09:55 pm
Bajaj Consumer Care Limited Approves Share Buyback Plan at Board Meeting
AI Summary
At a board meeting held on May 8, 2024, Bajaj Consumer Care Limited approved a proposal for buying back up to 57,41,000 fully-paid equity shares from shareholders. The buyback, which represents 4.02% of the total number of shares, is priced at INR 290 per share and is subject to the approval of the company's shareholders through a special resolution. The meeting also reviewed and approved the audited financial results and various reports for the year ended March 31, 2024.
Key Highlights
- Approval of share buyback plan for up to 57,41,000 equity shares
- Buyback priced at INR 290 per share
- Subject to shareholder approval
- Financial results for the year ended March 31, 2024 approved
- Various reports also approved, including Directors’ Report, Management Discussion & Analysis Report, and Corporate Governance Report