- Company Overview:
- Tips Industries Limited, founded in 1975, is a prominent Indian entertainment company engaged in music and film production, promotion, and distribution.
- Initially dealing with gramophone records and audio cassettes, the company now owns over 3,500 titles and copyrights of numerous Hindi films.
- Buyback Details:
- Issue Size: 595,000 equity shares (0.46% of total equity shares).
- Buyback Price: ₹625 per share.
- Total Consideration: Not exceeding ₹37.19 crores.
- Record Date: April 22, 2024.
- Financials (Restated):
- Revenue increased by 38.43% between March 2022 and March 2023.
- Profit after tax rose by 18.54% during the same period. Tips Industries.
Remember, this buyback offers an opportunity for shareholders to participate in the company’s growth! 📈🎵🎥
