Tips Music Limited has initiated a buyback program for its fully paid-up equity shares. The company plans to repurchase shares from the open market through the stock exchanges at a price not exceeding ₹750 per equity share. The total amount for the buyback will not exceed ₹44,50,00,000. This action is being undertaken in accordance with the SEBI Buyback Regulations and the Companies Act, 2013. Inga Ventures Private Limited has been appointed as the manager for this buyback.
Tips Music Limited Announces Share Buyback
Tips Music Limited is undertaking a buyback of its fully paid-up equity shares. The face value of each equity share is ₹1/-. The buyback will be conducted in the open market through the designated stock exchanges, namely the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).
Buyback Details and Compliance
The maximum price at which shares will be repurchased is ₹750 per equity share. The total expenditure for this buyback shall not exceed ₹44,50,00,000. This initiative is being executed in full compliance with the provisions of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended, and the Companies Act, 2013, as amended.
Appointment of Manager
Inga Ventures Private Limited has been appointed as the manager to oversee the buyback process for Tips Music Limited.
Public Announcement
Pursuant to Regulation 16 of the SEBI Buyback Regulations, the Company has filed a public announcement dated September 3, 2026, for the buyback. This announcement has been published in the following newspapers:
- Financial Express (English National Daily, All Editions)
- Jansatta (Hindi National Daily, All Editions)
- Mumbai Laksahdeep (Marathi – Regional language daily, Mumbai Edition)
A copy of the public announcement is enclosed herewith.
Source: BSE
