Buyback5 Aug 2026, 01:31 pm
Tips Music Ltd Approves Buyback of Equity Shares Up to ₹44.5 Cr
AI Summary
Tips Music Ltd announced its Board of Directors has approved a buyback of equity shares up to ₹44.50 crore. The buyback will be conducted from open market routes at a maximum price of ₹750 per share. This represents approximately 0.46% of the company's total paid-up equity share capital as of June 30, 2026. The company will utilize at least 75% of the earmarked amount for the buyback. The proposal is subject to shareholder approval and other regulatory requirements.
Key Highlights
- Board approved buyback of equity shares up to ₹44.50 crore.
- Buyback price not to exceed ₹750 per share.
- Maximum 5,93,333 shares to be bought back.
- Buyback excludes promoters and promoter group.
- Proposal requires shareholder and regulatory approvals.
Price Impact
More from TIPSINDLTD