India's Emami rises after board approves $29.5 million share buyback
21/09/2026 07:04
BUZZ-India's Emami rises after board approves $29.5 million share buyback ** Shares of India's Emami EMAM.NS rise as much as 3.7% to 382.40 rupees; stock last up 2.5%
** Consumer goods co approves buyback of up to 5.94 million shares at 475 rupees/share for aggregate amount of up to 2.82 billion rupees ($29.45 million)
** Buyback price represents about 28.6% premium to previous close of 369.45 rupees
** Stock rated "strong buy" on average by 14 analysts; median PT at 532.50 rupees - data compiled by LSEG
** Stock down 28.50% YTD
($1 = 95.7700 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))
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