Atul Ltd to declare buyback of shares today. Details here

livemint.com:

Stock market today: Atul Ltd buyback: The board of directors of the integrated chemical company is going to consider and approve proposal for buyback of shares. The board meeting of the company is scheduled today.

The first private sector company of India inaugurated by its first Prime Minister has already informed Indian stock market exchanges about the board meeting. The chemical company informed Indian exchanges about the buyback of shares citing, "Pursuant to Regulation 29(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please note that the meeting of the Board of Directors of the Company will be held on Tuesday, November 07, 2023, to consider a proposal for Buy-back of equity shares of face value of ₹10/- each of the Company." Gland Pharma share price jumps over 6% after Q2 results; is it a buy? In this board meeting, stock market investors and Atul Ltd shareholders are expecting announcement of buyback price as well.

This is not the first time when this integarated chemical company is rewarding its shareholders from its capital reserves. As per teh information available on BSE website, Atul Ltd traded ex-dividend on 14th July 2023 for payment of ₹25 per share to its eligible shareholders.

Prior to that it had traded ex-dividend 2nd November 2022 for finalising the list of eligible shareholders for payment of ₹7.50 per share special dividend. The chemical company has been continuously giving dividend to its shareholders since 2007.

Can 2024 Lok Sabha election trigger a Sensex rally this year? What history shows If the company board declares buyback of shares in its board meeting today, this will be its first ever buyck bid. Dividend