Emami Buys Back 6.5 Lakh Shares at Average Price of ₹375.94 on October 5

Emami continued its ongoing share buyback on October 5, purchasing another 6.5 lakh equity shares from the open market. 

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The FMCG company bought the shares at an average acquisition price of ₹375.94 apiece, excluding transaction costs, according to its latest stock exchange filing. 

With Monday’s purchases, the cumulative number of shares acquired under the buyback reached 67.72 lakh. 

Entire Purchase Made on NSE 

All 6.5 lakh shares bought on October 5 were acquired through the National Stock Exchange. No shares were purchased through the BSE or Metropolitan Stock Exchange of India during the day. 

IIFL Capital Services, formerly known as IIFL Securities, is acting as the broker for the transactions. 

Before Monday’s purchase, Emami had already bought back 61.22 lakh shares. The latest transaction took the running total to 67.72 lakh shares. 

The company also reported no shares as closed out during the day or in the previous period covered by the filing. 

Buyback Being Conducted Through Open Market 

Emami is carrying out the exercise through the open-market route using the stock exchange mechanism. 

The shares involved are fully paid-up equity shares with a face value of ₹1 each. 

Unlike a tender-offer buyback, where eligible shareholders can offer their shares to the company during a specified period, an open-market buyback allows the company to purchase shares through regular trading on the stock exchanges in accordance with the applicable framework. 

Emami has been filing daily updates on the progress of the exercise, with its official investor page carrying reports for multiple trading sessions since the buyback began. 

Buyback Tally Reaches 67.72 Lakh Shares 

The October 5 transaction adds another sizeable tranche to the shares already acquired by the company. 

At an average price of ₹375.94, Emami purchased 6.5 lakh shares during the session. Combined with the 61.22 lakh shares bought earlier, the cumulative tally now stands at 67.72 lakh shares. 

The latest disclosure is limited to the progress of the ongoing buyback. Emami did not provide any separate business or financial update as part of the filing. 

For investors tracking the exercise, the company’s subsequent daily disclosures will provide the next update on how many additional shares are purchased through the open market.