Bajaj Consumer board approves share buyback of 4.69% equity worth Rs 187 crore. Check buyback price
Executive Centre India has filed a ₹2,600 crore IPO to support investments in TEC Abu Dhabi and acquisitions in Singapore and Dubai. The premium workspace provider operates 89 centres across seven countries and plans to use proceeds for expansion ...

It has set the buyback price at Rs 290 per equity share which will be payable in cash while the offer size will not exceed Rs 186.60 crore.
The shares will be acquired through the tender offer route via the stock exchange.
The offer size excludes expenses to be ed for the Buyback viz. brokerage costs, fees, turnover charges, securities transaction tax among other things.
The buyback offer is subject to the approval of the shareholders.
The board has appointed Anand Rathi Advisors as the manager to the buyback.
Bajaj Consumer shares today ended at Rs 245.08 on the NSE, gaining by Rs 2.53 or 1.04% over the Wednesday closing price.
Bajaj Consumer shares have declined 11% over a 1-year period while showing a strong comeback of the last three month during which it has rallied 40%. The price uptick has ensured that the stock trades above its 50-day and 200-day simple moving averages (SMAs) of Rs 197.8 and Rs 192.6, respectively according to Trendlyne data.
The company is yet to announce its June quarter earnings. It had reported a consolidated net profit of Rs 31 crore in the March ended quarter which was a fall of 13% over Rs 36 crore reported in the year ago period. The total revenue was reported at 259 crore, which was growth of 3% YoY versus 252 crore in the corresponding quarter of the last financial year.
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