16/6/2024, 2:26:02 pm

Godawari Power to buy back ₹301 crore shares at ₹1,400 each, board approves

Godawari Power and Ispat's board approved a share buyback of up to 21.5 lakh equity shares at ₹1,400 per share, amounting to ₹301 crore, representing 1.64% of the company's total paid-up equity share capital. This is the company's second buyback, following a ₹250 crore buyback last year. The move aims to return cash to investors in a tax-efficient manner.