Jyothy Labs Increases Buyback Price to ₹240, Reduces Share Count

Jyothy Labs Ltd has issued an addendum to its public announcement regarding the buyback of equity shares. The Buyback Committee has approved an increase in the buyback price from ₹215 to ₹240 per equity share. Concurrently, the maximum number of equity shares to be bought back has been reduced from 68,37,210 to 61,25,000 shares. This represents approximately 1.67% of the company's total paid-up share capital. The buyback will be conducted on a proportionate basis through the tender offer route, in accordance with SEBI regulations. An addendum to the public announcement will be published in various newspapers and made available on the company's and regulatory websites.