SIS Limited has issued a major buyback of its equity shares with an objective of buying back up to ₹1.50 billion worth of shares at a price of ₹404 per share. This is the fourth buyback in four years by the company after similar plans in 2021, 2022, and 2023.
Buyback Price: ₹404 per share
Total Buyback Value: Up to ₹1.50 billion
Shares to be Bought Back: A maximum of 3,712,871 shares (2.57% of paid-up capital)
Method: Existing shareholders tender offer route
Record Date: To be notified later for entitlement
The board meeting was convened on March 25, 2025, and the proposal was sanctioned. The buyback is intended to improve shareholder value in the midst of volatile market conditions.
Source: NSE India