StockWatch
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Logistics Solution Provider
Buyback23 Jun 2026, 07:10 pm

Patel Integrated Logistics Announces ₹108 Cr Share Buyback

AI Summary

Patel Integrated Logistics Limited's board of directors has approved a share buyback program of up to 60,00,000 equity shares at ₹18 per share, aggregating ₹10.8 crore. The buyback will be conducted via the tender offer route. The record date for determining eligible shareholders is set for June 30, 2026. Saffron Capital Advisors Private Limited has been appointed as the Manager to the Buyback. The company has also formed a Buyback Committee to oversee the process.

Key Highlights

  • Board approves buyback of up to 60 lakh shares.
  • Buyback price set at ₹18 per share.
  • Total buyback value not exceeding ₹10.8 crore.
  • Record date fixed for June 30, 2026.
  • Saffron Capital Advisors appointed as Manager.