Emami Ltd Board Approves Share Buyback Up to ₹282 Cr

Emami Ltd's Board of Directors has approved a share buyback program, authorizing the repurchase of equity shares up to an aggregate amount of ₹28,200 Lakhs (approximately ₹282 crore). The buyback will be conducted through the stock exchange mechanism at a maximum price of ₹475 per share. This move aims to return value to shareholders and is in compliance with SEBI regulations. The company plans to buy back a maximum of 59,36,842 shares, representing 1.36% of its total equity share capital. A minimum of 75% of the earmarked amount, or ₹21,150 Lakhs, will be utilized for the buyback.