Quick News Bit


​TCI Express among 8 stocks whose buybacks are currently open – Corporate Action

Business
By Dustin Moskovitz
0
​TCI Express among 8 stocks whose buybacks are currently open – Corporate Action | The Economic Times

Share buyback or share repurchase is a corporate action in which the company buys back its own outstanding shares for reducing the number of shares available in the open market. The company may come up with a buyback offer for a number of reasons such as to increase the value of shares by reducing their supply etc. Currently, the following buybacks are open as per the Prime Database.

Getty Images

​International Conveyors

2/9

​International Conveyors

The International Conveyors’ buyback opened on November 3, 2022, and shall close on May 3, 2023. The buyback size amounts to Rs 29.70 crore, and the buyback price is fixed at Rs 75. On Friday’s trade, the scrip ended at Rs 59.75 per share.

Getty Images

Kaveri Seed
Kaveri Seed buyback will open on November 7, 2022, and close on May 6, 2023. The buyback size amounts to Rs 125.65 crore, and the price is fixed at Rs 700. On Friday’s trade, the stock ended at Rs 482.95 per share.

iStock

​Marksans Pharma
The pharmaceutical company’s buyback opened on July 15, 2022, and shall close on January 14, 2023. The size amounts to Rs 60 crore, and the buyback price is fixed at Rs 60. On Friday, the stock ended at Rs 50.90.

Agencies

​Mindteck​
The information technology company Mindteck’s buyback opened on August 24, 2022, and shall close on February 23, 2023. The buyback size has been fixed at Rs 13.70 crore, and the buyback price is Rs 180. If the buyback offer is fully completed, the target promoter holding in the company will reach 65.68%. On Friday, the stock ended at Rs 145.15.

Agencies

​SP Apparels
The manufacturer and exporter of knitted garments for infants and children, SP Apparels’ buyback opened on November 3, 2022, and shall close on November 17, 2023. The buyback size amounts to Rs 35.10 crore, and the buyback price is fixed at Rs 585. If the buyback offer is fully completed, the target promoter holding in the company will reach 61.84%. On Friday, the stock ended at Rs 378.75.

Getty Images

​Shyam Century Ferrous

7/9

​Shyam Century Ferrous

The smallcap metal company Shyam Century Ferrous’ buyback opened on October 25, 2022, and shall close on November 9, 2022. The buyback size has been fixed at Rs 28 crore, and the buyback price is fixed at Rs 28. On Friday’, the stock ended at Rs 22.85

ET Bureau

​TCI Express
TCI Express’ buyback opened on August 18, 2022, and shall close on February 13, 2023. The buyback size amounts to Rs 75 crore, and the buyback price is fixed at Rs 2,050. On Friday, the stock ended at Rs 1,797.10.

ET Bureau

​​Techno Electric & Engineering

9/9

​​Techno Electric & Engineering

The power-infrastructure company’s buyback opened on July 20, 2022, and shall close on January 19, 2023. The buyback size amounts to Rs 130 crore, and the price is fixed at Rs 325. If the buyback offer is fully completed, the target promoter holding in the company will reach 62.45%. On Friday, the stock ended at Rs 288.35.

Getty Images

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News. 

Read original article here

Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Dustin Moskovitz 99039 posts 0 comments
Leave a comment