Genus Power names 30 October as cut-off for its ₹148 crore tender buyback
Genus Power has picked 30 October 2026 as the cut-off date for a ₹148.2 crore share repurchase at ₹312 apiece, according to TradingView.
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what happened
Genus Power Infrastructures will use 30 October 2026 as the cut-off date for deciding which holders can join its ₹148.2 crore repurchase of shares. Only investors on the company's register on that day can tender into the offer, and the number of shares they may put forward depends on that snapshot. The buyback is priced at ₹312 per equity share, each with a face value of ₹1, and runs through the tender route under SEBI buyback rules. The company intends to repurchase as many as 47.5 lakh shares, about 1.56% of total equity capital and 6.77% of free reserves, according to TradingView.
why it matters
Buybacks like this one typically return surplus cash to shareholders and can lift earnings per share by shrinking the share count. The ₹312 offer price sits well above the recent level of ₹261.80, which rose about 1% in the latest session, while the shares have fallen more than 31% so far this year. For the broader market this remains a niche corporate event with limited effect.
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sources
- Genus Power sets October 30 record date for ₹148-crore buyback - Offer price and key details — TradingView, 26 October 2026 at 13:38 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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