Kajaria Ceramics share buyback worth Rs 297 crore opens on July 3: Entitlement ratio, other details to know

Kajaria Ceramics on Wednesday shared the letter of offer for its buyback worth up to Rs 297 crore, announcing that the window to tender shares will open for eligible shareholders on July 3 and close on July 9.

The company plans to buy back up to 21.50 lakh shares, representing a 1.35% stake, via the tender route at a buyback price of Rs 1,380 apiece. This is more than 14% higher than the stock’s previous closing price of Rs 1,210.40 apiece.

Kajaria Ceramics buyback entitlement ratio

Under Kajaria Ceramics’ buyback offer, eligible shareholders in the reserved category for small shareholders are entitled to tender 16 equity shares for every 127 equity shares held as of the record date.

For shareholders falling under the general category, the buyback entitlement has been fixed at 21 equity shares for every 928 equity shares held on the record date, the company said in a regulatory filing.


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Kajaria Ceramics buyback important dates

As per the buyback schedule, July 9 is the last date for shareholders to submit completed tender forms and other required documents, including physical share certificates where applicable, to the registrar.

The registrar will complete the verification of tendered shares by July 13. Thereafter, the final acceptance or rejection of shares tendered under the buyback will be communicated to the stock exchanges by July 15. The unaccepted shares in the buyback will be returned by July 16.

Kajaria Ceramics buyback eligibility

Kajaria Ceramics had fixed June 29 as the record date for its share buyback. Shareholders who held the company's shares in their demat accounts as of the record date became eligible to participate in the buyback and tender their shares.

Eligible shareholders can tender shares through stock brokers registered with either the BSE or NSE during the buyback window. Participants are required to submit details of the number of shares they wish to offer through their respective brokers.

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Buyback of shares refers to a corporate action where a company repurchases its own shares from the existing shareholders. Usually, the company purchases the shares at a higher price than the current levels, encouraging investors to participate.

Kajaria Ceramics share price

Kajaria Ceramics shares dropped around 1% to trade at Rs 1,198.80 apiece on NSE on Wednesday afternoon. The stock has recorded marginal losses over the past one week, but gained around 10% in one month.

The stock has jumped more than 25% in 2026 so far. In the longer term, the stock gained over 12% in one year but fell 4% in three years. The shares of the company have delivered 22% returns over five years.

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