Tips Music on Wednesday announced that its board has approved a share buyback worth Rs 44.5 crore where the music company will purchase up to 5.9 lakh fully paid-up equity shares at a price of Rs 750 per share through the open market route, implying a premium of more than 12% from the stock’s previous closing price.
The said number of shares represent 0.46% of the total number of equity shares in the existing paid-up equity share capital of the company. Notably, this is one of the first buybacks announced via the open market route after it was reintroduced by SEBI from August 1 onwards.
Tips Music shares jumped over 2% after the buyback announcement. The record date, entitlement ratio and other details are yet to be announced. Promoters and promoter group will not participate in the buyback.
Buyback of shares refers to a corporate action where a company repurchases its own shares from the existing shareholders. Usually, the company purchases the shares at a higher price than the current levels, encouraging investors to participate. Notably, the latest buyback comes after Tips Music’s last such offer in 2024.
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Tips Music share price
Tips Music shares have overall declined marginally in a week and a month, but have gained over 25% in 2026 so far. The stock has jumped 15% in one year.
In the longer term, Tips Music shares rallied 128% in three years but fell 43% in five years.
About Tips Music
Founded in 1988, Tips Music is one of India's leading listed music companies. Its portfolio includes several iconic Bollywood soundtracks from the 1990s, such as Khalnayak, Soldier, Coolie No. 1, Rangeela, Pardes and Taal.
Over the years, the company has expanded its catalogue with titles including Raaz, the Race franchise, Ramaiya Vastavaiya, Ajab Prem Ki Ghazab Kahani, regional films Ponniyin Selvan 1 and Ponniyin Selvan 2, and more recent releases such as Crew, HanuMan and the Saunkan Saunkne series.
The company's music catalogue features more than 34,000 songs across multiple languages and genres. Its roster has included artists such as Alka Yagnik, Kumar Sanu, Udit Narayan, Sonu Nigam, A.R. Rahman, Diljit Dosanjh, Badshah, Arijit Singh, B Praak and Aditya Rikhari. Tips Music distributes its content across digital platforms, streaming services and broadcasters.
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