Garware Technical Fibres Limited — Dividend/Bonus, 16-06-2026: Closure of Buy Back
16-06-2026 | 06:39 pm
16-06-2026 | 06:39 pm
Garware Technical Fibres (GARFIBRES) has successfully completed its share buyback. The company extinguished 16,17,500 equity shares through a tender offer at INR 680 per share. The total size of the buyback was approximately 109.99 Cr. This buyback reduces the company's total outstanding shares from 9.93 Cr to 9.76 Cr, a capital reduction of about 1.62%. The extinguishment process was finalized on June 15. This move generally supports earnings per share for existing shareholders.
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