Buyback4 Jun 2026, 11:28 am
Rolex Rings Approves ₹1,800 Million Share Buyback
AI Summary
Rolex Rings Limited has announced a share buyback program of up to 10,000,000 equity shares, representing 3.67% of its outstanding shares. The buyback will be conducted through the tender offer route at a price of ₹180 per share, with an aggregate consideration not exceeding ₹1,800 million. This decision was approved by the company's board of directors on April 23, 2026, and shareholders on May 31, 2026. A public announcement regarding the buyback was published on June 4, 2026, in accordance with SEBI regulations.
Key Highlights
- Company approved buyback of 10 million shares.
- Buyback price set at ₹180 per share.
- Total buyback value capped at ₹1,800 million.
- Tender offer route to be used for the buyback.
- Buyback represents 3.67% of outstanding equity shares.
Price Impact
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