Godawari Power & Ispat approves a Rs 301 crore share buyback at a 29.85% premium.
Godawari Power & Ispat, part of Hira Group of Industries, saw a 2.94% growth to reach Rs 1,109.85 after approving a share buyback of up to Rs 301 crore at Rs 1,400 per equity share, a 29.85% premium over the previous closing price. The company plans to buy back up to 21.5 lakh fully paid-up equity shares, equating to 1.64% of its total paid-up equity share capital. The record date for the buyback is set as June 28.
June 18, 2024
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