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Nureca Ltd. ( (IN:NURECA) ) just unveiled an announcement.
Nureca Limited’s Board of Directors has approved a buyback of 580,000 fully paid equity shares at a price of Rs. 330 per share, totaling Rs. 19.14 crore. This buyback, representing approximately 9.8% of the company’s paid-up equity share capital and free reserves, is set to exclude promoters and will be conducted through a tender offer. The move is expected to enhance shareholder value and reflects the company’s robust financial position.
More about Nureca Ltd.
Nureca Limited operates in the healthcare and wellness industry, focusing on the production and distribution of medical and wellness products. The company is known for its range of products that cater to health monitoring and lifestyle enhancement, aiming to improve the quality of life for its customers.
Average Trading Volume: 5,524
Technical Sentiment Signal: Sell
Current Market Cap: 2.68B INR
Learn more about NURECA stock on TipRanks’ Stock Analysis page.