The board of Emami today approved a ₹194 crore share buyback offer, at a price not exceeding ₹300 per share.
The buyback Size represents 10.00% and 9.81% of the aggregate of the total paid up capital and free reserves of the company based on the audited standalone and consolidated financial statements of the Company as at March 31, 2019.
Emami also announced payment of second interim dividend of ₹2 per equity share. Record date for receiving this interim dividend is 27th March 2020.
Emami shares were up 2% at ₹194 per share in afternoon trade.
Promoters of Emami held 52.74% stake in the company as of 13th March.
