May 22, 2026, 08:16:32 IST
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Takeover of Welspun LivingWelspun Living has set May 22 (Friday) as the record date for its Rs 252 crore share buyback. Earlier this month, the textile major had announced the buyback through tender at a price of Rs 175 per share, implying a premium of over 23% over the previous closing price. The company plans to buy back 144 lakh fully paid shares of the company with a face value of Re 1 each for a total amount not exceeding Rs 252 crore. This represents 6.52% of the company’s total paid-up share capital and 5.65% of free reserves.
Agencies
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Acquisition of Zydus LifesciencesZydus Lifesciences on Tuesday announced its largest ever share buyback, worth Rs 1,100 crore at a buyback price of Rs 1,150 per share, offering a premium of almost 10.5 per cent over the stock’s previous closing price. The board of directors of Zydus Lifesciences has approved a plan to buy back up to 95.65 lakh shares, each with a face value of Re 1, representing 0.95 per cent of the company’s paid-up share capital, for a total amount not exceeding Rs 1,100 crore. The repurchase will be carried out through a call for tenders. The record date for determining shareholder eligibility for redemption has been set for May 29 (next Friday).
IANS
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Acquisition of Dhanuka AgritechDhanuka Agritech this week announced a share buyback worth Rs 70 crore through the tender route, at a buyback price of Rs 1,400 per share, implying a premium of almost 22 per cent over the stock’s previous closing price. As part of the buyback, the fertilizer and pesticide maker intends to acquire up to 5 lakh shares representing 1.11 per cent of the total paid-up share capital. The record date for determining shareholder eligibility for redemption has been set for May 29 (next Friday).
ETMarkets.com
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CyberTech Systems and SoftwareCyberTech Systems and Software has also set May 29 (next Friday) as the record date for its Rs 14.45 crore share buyback. The company aims to buy back 8.5 lakh shares, representing 9.81% of its total stake, at a buyback price of Rs 170 per share. This implies a premium of more than 20% to the stock’s previous closing price.
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