Emami Buys Back 8.47 Lakh Shares at Average Price of ₹403.37 on September 23

Emami Limited bought back 8.47 lakh equity shares on September 23, taking the total number of shares purchased under its ongoing buyback programme to 12.17 lakh. 

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The shares acquired during the day were bought at an average price of ₹403.37 apiece, excluding transaction costs, according to the company’s daily buyback report submitted to the BSE and National Stock Exchange. 

All 8.47 lakh shares purchased on September 23 were acquired through the NSE. No shares were bought through the BSE during the day. 

Total buyback reaches 12.17 lakh shares 

Before the September 23 purchases, Emami had cumulatively bought back 3.70 lakh equity shares. 

The addition of another 8.47 lakh shares took the overall number acquired under the buyback to 12.17 lakh shares as of September 23. 

The company reported no closed-out quantity either on September 23 or on the preceding days covered by the disclosure. 

IIFL Capital Services Limited, formerly known as IIFL Securities Limited, acted as the broker for the purchases reported on September 23. 

Buyback being conducted through open market route 

Emami’s buyback covers fully paid-up equity shares carrying a face value of ₹1 each. 

The programme is being carried out through the open market route using the stock exchange mechanism and is governed by the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended. 

The September 23 filing is a daily disclosure made under Regulation 18 of the buyback regulations and records the shares purchased by the company during that trading session. 

September 23 purchases made entirely on NSE 

The daily report shows that Emami bought all 8.47 lakh shares through the NSE, while purchases through the BSE stood at zero. The Metropolitan Stock Exchange of India was marked as not applicable in the disclosure. 

The average acquisition price of ₹403.37 excludes transaction costs. 

Emami submitted the report to both stock exchanges on September 23. The company is listed on the NSE under the symbol EMAMILTD and on the BSE under scrip code 531162. 

The filing is limited to the daily progress of the ongoing buyback and does not provide any additional financial or operational update from the company.