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The Economic Times
The Economic Times
Debaroti Adhikary

Emami announces share buyback worth Rs 282 crore at 29% premium. Here's what you need to know

Emami Debaroti Adhikary SEBI

FMCG player Emami on Thursday announced that its board of directors has approved the proposal to buy back shares worth up to Rs 282 crore at a buyback price of Rs 475 apiece, implying nearly a 29% premium over the stock’s previous closing price.

The company announced that the Rs 282 crore buyback will be done through the open market route for up to 59.36 lakh shares or a 1.36% stake in the company. This would mark Emami’s first buyback since 2023.

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