The buyback committee on Aug 27 approved the basis of acceptance of 5.67 cr shares of the face value of ₹10/- each; with this, Airtel’s shareholding in Indus has risen to over 50%
The pharma company has fixed floor price for share buyback at ₹1,460 per share, a premium of 6.4% over Tuesday's closing price of ₹1,371.70 on the BSE.
The Bajaj Auto board will meet on January 8, 2024, to consider a fully paid-up equity shares buyback proposal
TCS shares declined 1.2% to hit a low of ₹3,468 as the stock turned ex-date for share buyback today.
Larsen & Toubro has raised the buyback price from ₹3,000 to ₹3,200 per share, while it reduced size to 3.12 crore from 3.33 crore earlier.
Total equity shares to be bought back as per revised buyback are 34,70,370, representing 2.56% of total shares in total paid-up equity capital
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Buyback represents 5.87% of total paid-up equity share capital at ₹1,250 apiece, a 16.51% premium over Friday's closing price
The board of L&T has approved the buyback of equity shares worth ₹10,000 crore at maximum price of up to ₹3,000 per share through the tender offer route.
The board of L&T approved the buyback of up to 3.33 crore equity shares worth ₹10,000 crore at ₹3,000 apiece, a premium of 17% from the current trading price.
The IT major was the top gainer on the BSE Sensex as investors cheered the buyback of 26.96 crore shares at a premium of 19%.
