Emami approves ₹282-crore buyback at ₹475 max price
In short
Emami approved a ₹282-crore share buyback at a maximum price of ₹475 per share. The company plans to use the open-market route, and this is its first buyback since 2023.
This matters to Emami shareholders because the company is returning cash to investors.
What the reporting says
The FMCG maker is said to be taking its first such buyback since 2023.
Why it matters
Emami approved a ₹282-crore share buyback at a maximum price of ₹475 per share, with the repurchase to be done through the open-market route.