GHCL concludes significant equity share buyback program

GHCL Limited announced the completion of its buyback program, repurchasing 4,137,931 equity shares at INR 725 per share. The total amount utilized for the buyback was INR 2,999,999,975, excluding transaction costs. This represented approximately 1.71 times the maximum number of shares proposed to be bought back, with 7,066,023 equity shares validly tendered.

The buyback, conducted via a tender offer, represented 4.32% of the total pre-buyback paid-up equity capital. Post-buyback, the shareholding of promoters and persons acting in concert increased from 18.97% to 19.83%. Foreign investors' shareholding, including Non-Resident Indians and FIIs, also saw an increase from 27.05% to 80.17%.

The extinguishment of the accepted shares is currently in process and is expected to be completed by December 11, 2025. Systematix Corporate Services Limited acted as the manager to the buyback.