Gandhi Special Tubes Announces Buyback Offer of ₹78.13 Cr
Gandhi Special Tubes Limited has announced a buyback offer for up to 8,68,100 equity shares, representing 7.14% of its total equity share capital. The buyback will be conducted through the tender offer route at a price of ₹900 per equity share. The total value of the buyback offer amounts to approximately ₹78.13 crore. The record date for determining eligible shareholders is Friday, August 21, 2026. The buyback offer period opens on Thursday, August 27, 2026, and closes on Wednesday, September 2, 2026. This move is in accordance with SEBI Buyback Regulations and the company's Articles of Association and applicable sections of the Companies Act, 2013.
Key Highlights
- Gandhi Special Tubes launches buyback of 8.68 lakh shares.
- Buyback price set at ₹900 per equity share.
- Total buyback value approximately ₹78.13 crore.
- Record date for eligibility is August 21, 2026.
- Buyback period: August 27 to September 2, 2026.
Price Impact
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