Emami Ltd Approves Buyback of Equity Shares Up to ₹2820 Cr

Emami Ltd's Board of Directors has approved a buyback of the company's equity shares. The buyback will be conducted through the open market mechanism at a maximum price of ₹475 per share, for an aggregate amount not exceeding ₹28,200 Lakhs (₹2820 Crores). The maximum number of shares proposed to be bought back is 59,36,842, representing approximately 1.36% of the company's paid-up equity capital. The company will utilize at least 75% of the maximum buyback size, amounting to ₹21,150 Lakhs, and will also ensure 40% of the maximum buyback size is utilized within the first half of the offer period. A Buyback Committee has been constituted to oversee the process.