Buyback25 May 2026, 07:41 pm
Gandhi Special Tubes Board Approves Buyback up to ₹78.12 Cr
AI Summary
The Board of Directors of Gandhi Special Tubes Ltd approved a proposal to buyback up to 868,100 fully paid-up equity shares of ₹5 each, representing 7.14% of the total paid-up equity share capital. The buyback will be for an aggregate amount not exceeding ₹78,12,90,000 at a maximum price of ₹900 per equity share. The buyback will be from existing shareholders via a tender offer route and is subject to shareholder approval. Promoters may participate in the buyback.
Key Highlights
- Gandhi Special Tubes will buyback shares up to ₹78.12 Cr at ₹900 per share.
- The buyback represents 7.14% of the company's paid-up equity share capital.
- The buyback is proposed via a tender offer route from existing shareholders.
- Promoters of Gandhi Special Tubes may participate in the buyback offer.
- Shareholders' approval is required for the proposed buyback.
Price Impact
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