Shares of Emami leapt 4.1% to ₹384.5 after the board’s approval of a ₹282‑crore buyback via open market—signaling immediate investor confidence.
The buyback will run at a maximum price of ₹475 per share, a 29 % premium to Wednesday’s closing price, allowing up to 59.36 lakh shares to be repurchased.
According to the BSE filing, at least 75 % of the earmarked amount—₹211 crore—will be deployed right away, with ₹112.8 crore allocated for the first half of the offer.
Ownership implications are clear: a full‑execution buyback could lift Emami’s promoter stake to 55.6% from 54.84%, while public holdings would fall to 44.4% from 45.16%.
This is Emami’s second buyback in three decades; the prior 2023 open‑market repurchase capped at ₹450 per share, and the current buyback size represents 9.28% and 9.98% of the company’s paid‑up capital and free reserves.
The company plans to release detailed timelines and further disclosures in the coming weeks; despite the buyback, the stock remains 27 % lower year‑to‑date, but the move could underpin a more stable price trajectory.