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Nureca Ltd. ( (IN:NURECA) ) has provided an update.
Nureca Limited has announced a buyback of 580,000 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 equity share capital and free reserves, is set to exclude promoters and will be executed through a tender offer. The move is expected to optimize the capital structure and potentially enhance shareholder value, with Mefcom Capital Markets Limited appointed as the manager to the buyback.
More about Nureca Ltd.
Nureca Limited operates in the healthcare and wellness industry, focusing on providing a range of health-related products and services. The company is known for its innovative solutions and market focus on improving health and wellness through technology-driven products.
Average Trading Volume: 5,524
Technical Sentiment Signal: Sell
Current Market Cap: 2.68B INR
For detailed information about NURECA stock, go to TipRanks’ Stock Analysis page.