Buyback11 May 2026, 05:31 pm
Garware Fibres to Buyback Shares at ₹680, Totaling ₹110 Cr
AI Summary
Garware Technical Fibres Ltd's board approved a buyback of up to 1,617,500 equity shares, representing 1.63% of the total paid-up equity share capital, at a price of ₹680 per share. The total buyback amount will not exceed ₹110 crores, representing 9.46% and 9.35% of the company's fully paid-up equity share capital and free reserves, respectively, as per the latest audited financial statements for the year ended March 31, 2025. The buyback will be executed on a proportionate basis through the tender offer route, with a record date set for May 20, 2026.
Key Highlights
- Garware Fibres approves buyback of 1,617,500 equity shares.
- Buyback price set at ₹680 per equity share.
- Total buyback size not exceeding ₹110 crores.
- Buyback via tender offer with record date of May 20, 2026.
- Buyback represents 1.63% of total paid-up equity share capital.