Piramal Enterprises board to consider share buyback proposal on July 28

On July 25, 2023, Piramal Enterprises Ltd. disclosed that its board of directors would meet on July 28, 2023, to examine a number of important issues, including a proposal to repurchase firm equity shares. 

“The Board of Directors of Piramal Enterprises Limited at its meeting scheduled to be held on Friday, July 28, 2023, shall, inter-alia, be considering a proposal to buyback equity shares of the Company,” said the company in its regulatory filling.

The company has decided to close the “Trading Window” for trading in its securities starting on July 1, 2023, and it will remain closed until July 30, 2023 (both dates inclusive) in order to comply with the SEBI (Prohibition of Insider Trading) Regulations, 2015. This action is intended to assure compliance and prevent any potential insider trading

Source: Media Reports