SIS Buys Back 10,000 Shares on October 5, Total Purchases Reach 21.94 Lakh Shares

SIS Limited continued with its ongoing share buyback on October 5, purchasing another 10,000 equity shares from the open market. 

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The company acquired the shares at an average price of ₹418.2904 apiece, excluding transaction costs, according to its latest stock exchange disclosure. 

With this purchase, SIS has now bought back a total of 21,94,134 equity shares under the ongoing programme. 

Most of the Day’s Purchase Came Through NSE 

Of the 10,000 shares acquired on October 5, 9,000 were purchased on the National Stock Exchange, while the remaining 1,000 shares were bought on the BSE. 

Elara Securities (India) Private Limited handled the transactions as the broker for the buyback. 

Before the latest purchase, SIS had already acquired 21,84,134 shares. There were no closed-out shares reported either during the day or previously, taking the cumulative tally directly to 21,94,134 shares. 

SIS Continues Open-Market Buyback 

The company is carrying out the buyback through the open-market route in accordance with the applicable SEBI buyback regulations. 

The programme covers fully paid-up SIS equity shares with a face value of ₹5 each. 

Under an open-market buyback, the company purchases its shares through the stock exchanges rather than asking eligible shareholders to tender their holdings at a predetermined price. 

SIS has been providing regular disclosures on the progress of the programme. Its investor information page lists daily buyback reports, including the October 5 filing. 

Cumulative Purchases Cross 21.9 Lakh Shares 

The latest transaction takes SIS past the 21.9 lakh-share mark under the ongoing exercise. 

Monday’s purchase itself was relatively small at 10,000 shares, with the bulk of the buying taking place on the NSE. 

The October 5 filing is limited to an update on the progress of the buyback and does not contain any separate operational or financial announcement from the company. 

With cumulative purchases now at 21,94,134 shares, subsequent daily disclosures will show how the company takes the remaining open-market buyback forward.