The record date for the purpose of determining the entitlement and the names of the shareholders who will be eligible to participate in the proposed buyback has been kept as September 14, 2023.
The buyback will be executed through a tender offer route on a proportionate basis, using the mechanism for the acquisition of shares through the stock exchange. The company will buy back about 45,93 lakh equity shares, representing 3.39% of the total equity as on March 2023.