Buyback12 May 2026, 12:25 pm
Garware Technical Fibres Announces ₹110 Cr Buyback at ₹680/Share
AI Summary
Garware Technical Fibres Ltd has announced a buyback of up to 16,17,500 equity shares at a price of ₹680 per share, payable in cash, for an aggregate amount not exceeding ₹110 crore. The buyback will be executed on a proportionate basis through a tender offer process, in accordance with SEBI Buyback Regulations and the Companies Act, 2013. The company published a public announcement on May 11, 2026, regarding the buyback, following board approval on May 8, 2026.
Key Highlights
- Garware Technical Fibres announces buyback of 16,17,500 shares.
- Buyback price is set at ₹680 per equity share.
- Total buyback amount not exceeding ₹110 crore.
- Buyback via tender offer as per SEBI regulations.
- Public announcement was made on May 11, 2026.