Key Points of Emami Share Buyback News:
- Emami Ltd’s board of directors will discuss and approve the buyback of shares in their meeting scheduled for March 24th, 2023.
- The company notified Indian bourses through an exchange communication about the buyback proposal.
- The buyback price and record date will be announced during the meeting.
- The board will discuss matters related to the buyback of fully paid-up equity shares in compliance with Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, and the Companies Act, 2013.
- Emami Ltd is a multinational conglomerate company headquartered in Kolkata.
- The company is a dividend-paying stock on Dalal Street.
- In the financial year 2022-23, Emami Ltd declared an interim dividend of ₹4 per share to loyal shareholders.
- The company declared an interim dividend of ₹4 per share twice in the financial year 2021-22 for its long-term positional investors.
Details of Emami Share Buyback News:
Emami Ltd’s board of directors is set to discuss and approve the buyback of shares in their meeting scheduled for today, March 24th, 2023. The company notified Indian bourses through an exchange communication, indicating that the buyback proposal would be considered, and the buyback price and record date would be announced at the meeting.
In compliance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended, Emami Ltd’s board of directors will also discuss matters related/incidental to the buyback of fully paid-up equity shares of the Company in accordance with Sections 68, 69, and 70 of the Companies Act, 2013.
Emami Ltd, a multinational conglomerate company headquartered in Kolkata, is a dividend-paying stock on Dalal Street. In the financial year 2022-23, the company declared an interim dividend of ₹4 per share to its loyal shareholders, with shares trading ex-dividend in November 2022 and February 2023. Similarly, in the financial year 2021-22, the company declared an interim dividend of ₹4 per share twice, with shares trading ex-dividend in November 2021 and February 2022 for payment to its long-term positional investors.
About Emami:
Based in Kolkata, India, Emami Group is a multinational conglomerate company that operates under the name Himani. With seven manufacturing units in India and one overseas, the company specializes in serving various niche categories within the personal care and healthcare segments.
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