Iris Clothings announces share buyback of up to ₹50 crore.
Iris Clothings announces share buyback of up to ₹50 crore. The board approved a buyback via tender offer at ₹120 per share, a 25% premium to current market price. The total outlay is capped at ₹50 crore, with shares to be acquired through the open market. The move aims to consolidate capital and enhance shareholder value.
📊 STOCKS: IRIS | 🏢 SECTOR: CapitalMarkets | #MEDIUMIMPACT #Buyback
This brief is AI-generated from public news sources for informational purposes only. Not investment advice. Always consult a SEBI-registered advisor before trading.