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Board approved buyback of up to Rs130 Cr at max Rs750 per share via open market from non-promoter holders, indicative 17.33 lakh shares (1.44% capital), minimum deployment Rs97.5 Cr. First buyback on record, deciding 30 Oct proposal. Promoters excluded under open-market rules so pledged promoter holding stays intact; follows recent large institutional buying. Open-market purchase shrinks equity up to 1.44%, passively lifting promoter share. Timelines and process await public announcement; within 15% of reserves limit.
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