Nureca Limited Share Price Rises 4.98% After it Approves ₹19.14 Crore Share Buyback at ₹330 Per Share

Mumbai, November 28: Nureca share price is witnessing heavy investor demand today, after it approved a ₹19.14 crore share buyback at ₹330 per share. As of 12:05 PM, Nureca shares were up by 4.98%, or 13.75 points and were trading at ₹289.60. Until now, the shares have traded within a range of ₹289.60 and ₹280. The traded volume for the Nureca stock stood at 24.33 thousand shares, with the company’s market cap at ₹276 crore. The shares have their 52-week high at ₹447.50 and their 52-week low at ₹203.62.

Nureca Limited (NSE: NURECA, BSE: 543264) is a digital-first, Business-to-Consumer (B2C) company in the Home Healthcare and Wellness sector. It specialises in offering a wide range of non-invasive, high-quality, and innovative medical devices and health monitoring solutions designed to help customers manage chronic ailments, improve their lifestyle, and monitor their general well-being at home. The company was established in 2016 and is headquartered in Mumbai, Maharashtra.

Shares Rise After Company Approves ₹19.14 Crore Share Buyback at ₹330 Per Share

The rise in the share price comes after the company announced that its Board has approved a share buyback worth ₹19.14 crore. A share buyback is a corporate action where the company repurchases the shares from eligible shareholders, generally at a premium to the last closing price. The company has announced that its promoters and the promoter group will not participate in the share buyback.

The company’s Board has approved the buyback of 5,80,000 fully paid equity shares, each with a face value of ₹10, at a price of ₹330 per share. The approved buyback represents 5.80% of the company’s total paid-up equity share capital as of March 31, 2025. The company has fixed December 12, 2025 as the record date to determine eligible shareholders for the offer. A record date is the cut-off date before which investors must hold or buy the shares of a company to be eligible for the buyback.

Investor Takeaway for Nureca Limited

Nureca Limited has announced a major share buyback at ₹330 per share, which is well above the current price of ₹289.60. The buyback will allow eligible shareholders to make quick returns by selling the shares back to the company. However, as the record date is on December 12, investors must hold or buy the shares of the company by the end of the trading session on December 11. With the share buyback announced, the shares of the company are trading higher as investors rush to buy the shares to be eligible for the buyback.

REF: https://nsearchives.nseindia.com/corporate/NURECA_28112025083751_OutcomeofBoardMeeting281125Signed.pdf

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