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Kajaria Ceramics share buyback worth Rs 297 crore opens on July 3: Entitlement ratio, other details to know
Kajaria Ceramics has announced its share buyback offer, valued at up to Rs 297 crore, with the tender period opening on July 3 and closing on July 9. The company plans to repurchase approximately 1.35% of its stake at Rs 1,380 per share, a significant premium to its recent trading price. Shareholders are advised to check their entitlement ratios for participation.
Record Date Alert: Bajaj Finance, M&M, Gujarat Gas, Teamlease among corporate actions for the week
A whole host of companies, ranging from Bajaj Finance, Mahindra & Mahindra, Kajaria Ceramics, Teamlease Services, Gujarat Gas, among others will witness corporate actions taking place this week for their respective announcements made earlier. These announcements pertain to the final dividends, share buybacks, and even spin-offs. Here's a list of such companies:
Kajaria Ceramics Q4 Results: Stock falls after board clears ₹297 crore buyback at 12% premium
Kajaria Ceramics reported strong Q4 growth with profit more than tripling and margins expanding sharply, but the stock fell over 5% as investors reacted to the buyback announcement.