Rolex Rings Completes Buyback of 1 Crore Equity Shares

Rolex Rings Ltd has successfully completed the extinguishment of 10,000,000 equity shares, representing one crore shares, as part of its buyback program. The shares were bought back at a price of ₹180 per share, aggregating to a total consideration of ₹180 crore. This buyback was conducted through the tender offer route in compliance with SEBI regulations. Following the extinguishment, the company's total equity share capital has reduced from 272,333,120 shares to 262,333,120 shares. The shareholding pattern has been updated, showing an increased percentage for promoters and foreign investors post-buyback.