Buyback2 Jul 2026, 08:10 pm
Patel Integrated Logistics Announces Buyback Offer Details
AI Summary
Patel Integrated Logistics Ltd has issued a Letter of Offer for a buyback program, aiming to repurchase up to 54,00,000 equity shares at ₹20 per share, totaling ₹10.80 crore. The buyback is conducted via a tender offer under SEBI regulations. The record date for determining eligible shareholders was June 30, 2026. The buyback offer opened on July 6, 2026, and will close on July 10, 2026. The settlement of bids is expected by July 17, 2026. The full Letter of Offer and Tender Forms are available on the company's website and those of the manager and registrar to the buyback.
Key Highlights
- Buyback of up to 54 lakh shares at ₹20 per share.
- Total buyback value not exceeding ₹10.80 crore.
- Tender offer route via stock exchange mechanism.
- Buyback opens July 6 and closes July 10, 2026.
- Record date for eligibility was June 30, 2026.
Price Impact
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