SIS Ltd Announces Fifth Share Buyback of ₹120 Crore

SIS Limited has announced its fifth share buyback program since its listing in August 2017, with the Board of Directors approving a proposal to buy back equity shares worth up to ₹120 crore. This buyback, priced at a 10% premium to the last closing price (approximately ₹478.50 per share), will bring the total capital returned to shareholders since listing to approximately ₹720 crore, including previous buybacks and dividends. The company has a consistent track record of returning capital, having returned around ₹600 crore to date. The buyback is expected to be accretive to earnings per share and return on capital.