Buyback3 Nov 2026, 05:40 pm
Medi Assist Healthcare to Buy Back Shares Worth ₹492.6 Cr
AI Summary
Medi Assist Healthcare Services Ltd announced its Board of Directors has approved a share buyback of up to 11,59,199 equity shares at ₹425 per share. The total buyback size is capped at ₹49,26,59,575 (₹492.66 Crore). The buyback will be conducted through the tender offer process and is scheduled with a record date of November 20, 2026. This move is in compliance with SEBI regulations and the Companies Act, 2013. The buyback size is within the 25% limit of paid-up capital and free reserves. Notably, the Promoters and Promoter Group have expressed their intention not to participate in the buyback.
Key Highlights
- Board approves buyback of 11,59,199 shares.
- Buyback price set at ₹425 per share.
- Total buyback value not to exceed ₹492.66 Crore.
- Record date for buyback is November 20, 2026.
- Promoters will not tender shares in the buyback.
Price Impact
More from MEDIASSIST