StockWatch
·
Logistics Solution Provider
Buyback23 Jun 2026, 07:20 pm

Patel Integrated Logistics Approves Share Buyback of ₹10.8 Cr

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, totaling ₹10.8 crore. The buyback will be conducted through 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 reserves the right to adjust the buyback price and number of shares within the total buyback size until one working day prior to the record date.

Key Highlights

  • Board approved buyback of up to 60 lakh shares.
  • Buyback price set at ₹18 per share.
  • Total buyback size not exceeding ₹10.8 crore.
  • Record date fixed for June 30, 2026.
  • Buyback to be executed via tender offer route.