Go Fashion India Announces Share Buyback At Rs 460 Per Share

Go Fashion (India) Ltd, a leading apparel retailer known for its women’s bottom-wear brand Go Colors, announced a buyback program aimed at rewarding shareholders and optimizing capital structure. The board approved the buyback of shares for an amount not exceeding Rs 650 million, with the buyback price fixed at Rs 460 per equity share. The initiative underscores the company’s confidence in its growth trajectory and financial stability.  

Key highlights from the announcement include  

• Board approves buyback of shares worth up to Rs 650 million.  
• Buyback price set at Rs 460 per equity share.  
• Move reflects strong financial position and focus on shareholder returns.  
• Company continues to expand retail footprint across India with growing consumer demand.  
• Buyback expected to improve earnings per share and enhance long-term value.  
• Analysts view the decision as a positive signal of management’s confidence in future growth.  

Industry experts note that the buyback strengthens investor sentiment while reinforcing Go Fashion’s commitment to sustainable expansion in India’s apparel retail sector.  

Sources: Reuters, Economic Times, Business Standard