Buyback8 May 2026, 02:39 pm
Garware Technical Fibres to Buyback 1.63% Shares at ₹680
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 buyback, payable in cash, will not exceed ₹110 crores, excluding transaction costs. The promoters and promoter group will not participate in the buyback. The record date for determining eligible shareholders is set as May 20, 2026. A Buyback Committee has been constituted to oversee the process.
Key Highlights
- Garware Technical Fibres approves buyback of 1,617,500 shares at ₹680 each.
- The buyback represents 1.63% of the total paid-up equity share capital.
- Total buyback size not exceeding ₹110 crores, excluding transaction costs.
- Promoters and promoter group will not participate in the buyback.
- Record date fixed as May 20, 2026, for determining eligible shareholders.