{"id":3331,"date":"2024-08-07T10:18:10","date_gmt":"2024-08-07T04:48:10","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=3331"},"modified":"2024-08-07T10:18:10","modified_gmt":"2024-08-07T04:48:10","slug":"symphony-announces-rs-71-4-crore-buyback-and-interim-dividend-sets-record-date","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/symphony-announces-rs-71-4-crore-buyback-and-interim-dividend-sets-record-date\/","title":{"rendered":"Symphony Announces Rs 71.4 Crore Buyback and Interim Dividend; Sets Record Date"},"content":{"rendered":"\n<p>Symphony Ltd announced its buyback programme of up to Rs 71.40 crore and an interim dividend of Rs 1 per share for all eligible shareholders. The buyback price is fixed at \u20b92,500 per share, about 71 per cent higher than Tuesday&#8217;s closing price.<\/p>\n\n\n\n<p>&#8220;The Board of Directors has considered and approved the following in their meeting held today: The proposal for buyback of up to 2,85,600 fully paid-up equity shares of face value INR 2\/- each (&#8220;Equity Shares&#8221;) by the Company (&#8220;Buyback&#8221;), representing up to 0.41% of total number of Equity Shares of the Company, at a price of INR 2,500\/- per equity share payable in cash for an aggregate consideration not exceeding INR 71,40,00,000\/- rationale provided for the same stated&#8221;, company informed the exchanges in a filing.<\/p>\n\n\n\n<p>The record date for the buyback and the interim dividend is August 21.<\/p>\n\n\n\n<p>Before the buyback, promoters held around 73.4% of Symphony&#8217;s shares, while public shareholders, including FIIs, Indian financial institutions, and mutual funds, held the remaining 26.6%.<\/p>\n\n\n\n<p>Symphony&#8217;s PAT soared 267% year-on-year to Rs 88 crore for the June 2024 quarter, while revenue from operations increased 76% year-on-year to Rs 531 crore compared with Rs 302 crore in the corresponding period last year. Shares of Symphony have already gained 66.5% in the last one year, while in the past six months it has risen by 55.5%. So far this year, the stock has rallied 67.6%. At 10:13 am, Symphony was trading at \u20b91,435 on the BSE.<\/p>\n\n\n\n<p><em>Do&nbsp;you have a news tip for Lakshmishree reporters? Please email us at&nbsp;<\/em>media@lakshmishree.com<\/p>\n\n\n\n<p><sup><sub>Source:\u00a0<a href=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/tokyo-stocks-surge-10-after-record-fall-12787880.html\" target=\"_blank\" rel=\"noreferrer noopener\">ET<\/a><\/sub><\/sup><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Symphony Ltd announced its buyback programme of up to Rs 71.40 crore and an interim dividend of Rs 1 per share for all eligible shareholders. The buyback price is fixed at \u20b92,500 per share, about 71 per cent higher than Tuesday&#8217;s closing price. &#8220;The Board of Directors has considered and approved the following in their [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[202],"class_list":["post-3331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-symphony-buyback"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=3331"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3331\/revisions"}],"predecessor-version":[{"id":3333,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3331\/revisions\/3333"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/3332"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=3331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=3331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=3331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}