The engineering & construction major had increased the final buyback price to Rs 3,200 from Rs 3,000 earlier. Besides increasing the buyback price, the company has also approved to reduce the number of shares to be bought back from investors to 3.12 crore, which represents 2.22% of equity. The company had earlier proposed to buy back about 3.33 crore shares.
Shanti Gold IPO subscribed 2.25x on Day 2; should you apply? Check GMP, review, and more
The Shanti Gold IPO is priced in the range of Rs 189 to Rs 199 per share, with a minimum application size of 75 shares