Prime Securities Approves ₹18.3 Crore Share Buyback at ₹305 Per Share

Mumbai, January 28, 2025 – Prime Securities Limited (NSE: PRIMESECU, BSE: 500337) has announced a buyback of 6,00,000 equity shares through the tender offer route at a price of ₹305 per share, amounting to a total buyback size of ₹18.3 crore. The decision was approved at the company's Board of Directors meeting on January 27, 2025.

Key Buyback Details​

• Number of Shares to be Bought Back: 6,00,000 shares.
• Buyback Price: ₹305 per share.
• Total Buyback Size: ₹18.3 crore.
• Method of Buyback: Tender Offer.
• Percentage of Total Share Capital Being Bought Back: 1.79%.

Strategic Rationale​

The buyback reflects Prime Securities' confidence in its financial position and commitment to shareholder value enhancement. It is expected to:

• Improve Earnings Per Share (EPS) by reducing the total outstanding shares.
• Provide an exit opportunity for shareholders at a premium to the current market price.
• Enhance capital efficiency and optimize cash reserves.

Market Implications​

Investors will closely watch the buyback's impact on stock performance and liquidity and any subsequent financial restructuring moves. The post-buyback shareholding pattern will be disclosed after the buyback process is completed.