Emami Approves ₹282 Crore Buyback At ₹475 Per Share

Board approved open-market buyback up to Rs 282 Cr at max Rs 475/share, up to 59.37 lakh shares (1.36% capital), excluding promoters; 75% minimum utilization. Novel shareholder return alongside consistent dividend record; follows surplus-funded acquisitions that have thinned net-cash, signaling confidence in cash flows. Promoter stake to rise to 55.6% as they are excluded; actual quantum depends on market price. Timelines, funding and schedule await public announcement.