Piramal Enterprises share buyback opens today. Five details you should know

livemint.com:

Piramal Enterprises share buyback is offered at ₹1250 per share and buyback of shares will be done through tender route. Piramal Enterprises Ltd aims to use up to ₹1,750 crore from its capital reserves for buyback of shares. Piramal Enterprises has already informed Indian stock market bourses about the buyback of shares citing, "The Board of Directors of the Company have approved the buyback of up to 1,40,00,000 (One Crore Forty Lakh only) fully paid-up equity shares of the Company of face value of Rs.2/- (Rupees Two only), for an aggregate amount not exceeding Rs.

1,750 Crore (Rupees One Thousand Seven Hundred Fifty Crore only), each at a price of Rs. 1,250/- (Rupees One Thousand Two Hundred and Fifty only) per equity share on a proportionate basis through the tender offer process." 1] Piramal Enterprises share buyback price: The company has fixed buyback price at ₹1250 per share. 2] Piramal Enterprises share buyback date: The buyback offer has opened today and it will remain open for eligible shareholders of the company till 6th September 2023.

3] Piramal Enterprises buyback eligibility: Record date for Piramal Enterprises buyback was on 25th August 2023. This means those who bought Adani Enterprises shares till 24th August 2023 and hold the scrip on 25th August 2023, they are eligible for this buyback offer. 4] Piramal Enterprises buyback acceptance ratio: Piramal Enterprises share price today is around ₹1,060 apiece, which means buyback offer is available at a premium of near 18 per cent.