Shardul Securities: Buyback offer for 1.92 Cr shares at ₹60/share
Shardul Securities Ltd has submitted the Letter of Offer for its buy-back of equity shares. The company intends to buy back 1,92,00,000 (One Crore Ninety Two Lakh) fully paid-up equity shares, each with a face value of ₹2, at a price of ₹60 per share. The total consideration for this buy-back will not exceed ₹1,15,20,00,000 (Rupees One Hundred Fifteen Crore Twenty Lakh), excluding transaction costs. This buy-back, representing 21.94% of the company's total equity share capital, will be conducted through a Tender Offer process via the stock exchange mechanism. The Letter of Offer, dated October 12, 2026, is being sent to eligible shareholders who held shares as of the Record Date, October 8, 2026. The offer is structured into reserved and general categories and complies with SEBI Buy-back Regulations and other applicable laws.
Key Highlights
- Shardul Securities submitted the Letter of Offer for its share buyback.
- The company plans to buy back 1.92 Crore shares at ₹60 per share.
- Total buyback consideration is ₹115.20 Crore, excluding transaction costs.
- The buyback represents 21.94% of the company's equity share capital.
- The Record Date for eligible shareholders was October 8, 2026.
Price Impact
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