Announcements

Buyback of shares is the process wherein a corporation rebuys its own shares from its shareholders. This way, the company that had earlier issued shares pays some of its shareholders and absorbs that part of ownership that several investors had before.

As per a circular from NSE, Somany Ceramics Ltd. has announced a buyback offer of its equity shares from 21-Dec to 28-Dec. The offer price is Rs. 850 per equity share, and the lot size is 1 equity share. 

All trading members of the Capital Market Segment are eligible to participate in the Tender Offer facility. 

Read more: NSE Circular