Genus Power Approves ₹148.2 Cr Share Buyback

Genus Power Infrastructures Ltd announced its Board of Directors has approved a share buyback program of up to ₹148.20 Crores (Rupees One Hundred Forty Eight Crores and Twenty Lakhs only). The buyback will be conducted through the tender offer route at a price of ₹312 per equity share. The company plans to purchase up to 47,50,000 equity shares, representing approximately 1.56% of the total paid-up equity share capital. This buyback size is within the permissible limits under the Companies Act, 2013 and SEBI Buyback Regulations. The record date for determining eligible shareholders has been fixed as October 30, 2026. A committee has been formed to oversee the buyback process, and IIFL Capital Services Limited has been appointed as the Manager to the Buyback.