Post Buyback Public Announcement: 6,71,946 shares bought back for Rs. 44,43,58,966.85
Open market buyback completed.
- Shares Bought Back
- 6,71,946 equity shares
- Total Amount Spent
- Rs. 44,43,58,966.85
- Percentage of Maximum Buyback
- 99.86% of Rs. 44,50,00,000
- Price Range
- Rs. 646.00 to Rs. 674.00 per share
- Promoter Holding After Buyback
- 64.49%
What happened
The manager to the buyback has shared the Post Buyback Public Announcement, confirming the buyback is complete.
- Shares bought back: 6,71,946 equity shares of face value Re. 1 each
- Total amount spent: Rs. 44,43,58,966.85, i.e. 99.86% of the maximum buyback size
- Maximum buyback size approved: Rs. 44,50,00,000
- Maximum price approved: Rs. 750 per share
- Highest price paid: INR 674.00; lowest price paid: INR 646.00
How it was done
The buyback was carried out from the open market through the stock exchanges under the SEBI Buy-Back Regulations, 2018 and the Companies Act, 2013. The buyback was approved by the Board on August 05, 2026 and by shareholders through postal ballot on August 31, 2026. It opened on September 16, 2026 and closed on September 30, 2026.
Effect on capital
- Issued, subscribed and paid-up capital before: 12,78,31,590 shares of Re. 1 each
- After completion of the buyback: 12,71,59,644 shares of Re. 1 each
Shareholding shift
- Promoter and promoter group: 64.15% before, 64.49% after
- Public shareholding categories reduce correspondingly as the bought-back shares are extinguished
What it means for a small investor
A buyback returns cash to shareholders by purchasing shares from the market and cancelling them. The number of outstanding shares falls, so each remaining share represents a slightly larger slice of the company. Because the promoters did not sell, their percentage holding rises automatically. The company has used almost the entire approved amount, and the exercise is now closed.
Also from Tips Music
Post Buyback Public Announcement: 6,71,946 shares bought back for Rs. 44,43,58,966.85
1 Oct 2026
Open-Market Buyback Closed After Deploying 99.86% of Rs. 44.50 Crore Limit
30 Sep 2026
3,24,700 Equity Shares Extinguished Under Ongoing Open-Market Buyback
25 Sep 2026
More numbers
- Shares bought back6,71,946 Equity Shares
- Aggregate amount spent on buybackINR 44,43,58,966.85
- Percent of maximum buyback size utilised99.86%
- Maximum buyback size₹ 44,50,00,000
- Maximum buyback price per share₹ 750 per Equity Share
- Highest price paid per shareINR 674.00
- Lowest price paid per shareINR 646.00
- Paid-up shares before buyback12,78,31,590 Equity Shares of INR 1/- each
- Paid-up shares after buyback12,71,59,644 Equity Shares of INR 1/- each
- Promoter holding before buyback64.15
- Promoter holding after buyback64.49
- Face value per equity share₹ 1/- each
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.