Tips Music Announces Buyback of Equity Shares Up to ₹44.5 Cr
Tips Music Ltd has announced a buyback of its equity shares from the open market through stock exchanges. The buyback aims to acquire shares at a price not exceeding ₹750 per share, with a total amount not exceeding ₹44,50,00,000. This initiative is being undertaken in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, and the Companies Act, 2013. Inga Ventures Pvt Ltd has been appointed as the manager to the offer. The company filed a public announcement on September 3, 2026, detailing the buyback process. The Board of Directors approved the buyback on August 5, 2026, and shareholders approved it via special resolution at the 30th Annual General Meeting on August 31, 2026.
Key Highlights
- Tips Music Ltd is initiating a share buyback program.
- The buyback will be conducted on the open market via stock exchanges.
- Maximum buyback price is ₹750 per share.
- Total buyback value not to exceed ₹44.5 crore.
- The process complies with SEBI Buyback Regulations and Companies Act.
Price Impact
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