Buyback11 May 2026, 07:01 pm
Sarla Fibers: Record Date for Buyback is May 15, 2026
AI Summary
Sarla Performance Fibers Ltd. announced that the record date for the buyback of its fully paid-up equity shares is May 15, 2026. The buyback, approved on May 11, 2026, involves up to 40,00,000 equity shares at ₹110 per share, totaling up to ₹44,00,00,000. The buyback is proposed via a tender offer, excluding promoters and promoter group members. Small shareholders will have 15% of the buyback reserved for them. Monarch Networth Capital Limited is the Manager to the Buyback.
Key Highlights
- Sarla Fibers sets May 15, 2026, as the record date for its buyback offer.
- The company will buy back up to 40,00,000 shares at ₹110 per share.
- The total buyback size is up to ₹44,00,00,000, excluding transaction costs.
- Promoters and promoter group members will not participate in the buyback.
- Monarch Networth Capital Limited is appointed as the Manager to the Buyback.
Price Impact
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