Shareholders of the Company have approved the buyback of up to 10,00,00,000. (Ten Crore only) fully paid-up…
As filed · Buyback
Special SituationImprovingMajormateriality 77 out of 100
What happened
Factthe shareholders of the Company have approved the buyback of up to 10,00,00,000. (Ten Crore only) fully paid-up equity shares of the Company of face value of ₹5/. Eighteen Thousand Crore only), at a price of ₹ 1,800/- (Rupees One Thousand Eight.
Why it matters
CapitSignal interpretationA buyback returns cash by retiring shares, so the benefit to a holder depends on the price paid, how many of their shares are accepted, and what the stub is worth afterwards.
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Fact- Record date and acceptance ratio
- Promoter participation
- Cash left on the balance sheet afterwards
Evidence
How CapitSignal classified this
- Reasoning:
- BUYBACK base 70; +2 corroborating keywords; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%