Emami Shares In Focus After ₹282 Crore Buyback Approval
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Emami has approved a ₹282 crore open-market buyback at up to ₹475 per share. This covers up to 59.36 lakh shares or 1.36% of paid-up equity capital.
Emami has approved a share buyback worth up to ₹282 crore at a maximum price of ₹475 per share through the open-market route.
The buyback will cover up to 59.36 lakh fully paid-up equity shares, representing 1.36% of the company's paid-up equity share capital.
The Emami share price climbed as much as 3.7% to ₹382 during trading on 21 September, but closed at ₹380.60 on the National Stock Exchange (NSE). Earlier in the month, the Emami stock had touched its 52-week low price of ₹361.25 on 1 September 2026.
What Are The Key Details Of Emami's Buyback?
Emami's board approved the buyback on 17 September. The company will purchase shares from shareholders and beneficial owners other than promoters, members of the promoter group, persons in control and their associates.
The maximum buyback price has been fixed at ₹475 per share. The buyback will be done via the open market, so the actual price of purchase might vary and even be below the maximum price mentioned.
This maximum price of ₹475 is almost 25% higher than Emami's previous closing price on the NSE.
How Many Emami Shares Will Be Bought Back?
Emami can purchase up to 59.36 lakh shares under the ₹282 crore maximum buyback size. If shares are bought below ₹475, the actual number of shares purchased can be higher, subject to the overall ₹282 crore limit.
Based on the minimum buyback size and maximum price, the FMCG company would purchase an indicative minimum of 44.52 lakh shares.
Emami has committed to using at least 75% of the maximum buyback amount, or ₹211.50 crore, for the repurchase. It will also use ₹112.80 crore, equivalent to 40% of the maximum buyback size, during the first half of the offer opening.
If the company completes the maximum buyback, promoter shareholding is expected to rise to 55.6% from 54.84%, while public shareholding would fall to 44.4% from 45.16%.
These figures remain indicative because the final shareholding will depend on the actual number of shares purchased. The company said the buyback remains within the regulatory limit of 10% of total paid-up capital and free reserves.
Also Read - Samvardhana Motherson To Acquire 50.1% Stake In Rotary Connectors For ₹500 Crore
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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