StockWatch
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Pharmacy Retail
Buyback6 Nov 2026, 12:52 pm

Medplus Health approves ₹130 Cr equity share buyback

AI Summary

Medplus Health Services Ltd announced its Board of Directors has approved a buyback of equity shares worth up to ₹130.00 Crores (approx. 9.87% of paid-up capital and free reserves as of March 31, 2026). The buyback will be conducted through the open market route at a maximum price of ₹750 per share. Promoters and persons in control will not participate. The company has appointed Nuvama Wealth Management Limited as the Manager to the Buyback and a Buyback Committee has been constituted to oversee the process.

Key Highlights

  • Board approves buyback of equity shares up to ₹130 Crores.
  • Buyback to be conducted via open market route at max ₹750/share.
  • Promoters and persons in control are excluded from the buyback.
  • Nuvama Wealth Management appointed as Manager to the Buyback.