Piramal Enterprises Board To Consider Equity Share Buyback On 28th July

Piramal Enterprises Ltd. on Tuesday, July 25, 2023, announced that its Board of Directors, on Friday, July 28, 2023, to discuss several key matters, including a proposal to buyback equity shares of the company.

According to the regulatory filing by the Board of Directors of Piramal Enterprises Ltd., "the Board of Directors of Piramal Enterprises Limited ("Company") at its meeting scheduled to be held on Friday, July 28, 2023, shall, inter-alia, be considering a proposal to buyback equity shares of the Company and other matters necessary and incidental thereto, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules and regulations framed thereunder), the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended, and other applicable laws. In this regard, pursuant to the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015 (as amended from time to time), we write to inform you that the 'Trading Window' for dealing in the securities of the Company has been closed from Saturday, July 1, 2023 and will remain closed till Sunday, July 30, 2023 (both days inclusive)."

Meanwhile, the stock of Piramal Enterprises jumped in early trade, currently trading at Rs 1049.95 apiece, up 4.58% from its previous close of Rs 1003.95 apiece. Its 52-week high is Rs 1202.73 apiece and 52-week low is Rs 630.20 apiece.

The stock jumped 7.91% in 1 week. It jumped 19.09% in 1 month, while in 3 months, it jumped 46.81%. The stock jumped 3.46% in q year, while in 2 years, it has fallen 18.92%. In 3 years, it jumped 22.31%, while in 5 years, it jumped 30.37%.

Piramal Enterprises is a Midcap Financial sector company operating as a Non-Banking Financial Company (NBFC). The company has a market cap of Rs 25,130.09 Crore.