Prime Securities Unveils Strategic ₹183 Million Share Buyback Plan: Board Approves Repurchase of 600,000 Shares at ₹305 Each via Tender Offer Route

Prime Securities Limited has announced a buyback of up to 600,000 equity shares at a price of ₹305 per share, amounting to a total of ₹183 million. The buyback will be conducted through a tender offer route, as approved by the company's board of directors in a meeting held on January 27, 2025. This move aims to return surplus cash to shareholders and potentially improve the company's earnings per share. The buyback price represents a premium over the current market price, signaling the board's confidence in the company's intrinsic value. Shareholders will have the opportunity to tender their shares during the buyback period, with the exact timeline to be announced in the coming days.

Source: Based on BSE filing by Prime Securities Limited