Windlas Biotech has approved a Rs 47 crore share buyback at Rs 1,000 per share through the tender offer route, setting April 24 as the record date for shareholder eligibility. The buyback represents 2.23% of the company's equity capital. Promoters are excluded from participating, meaning the entire buyback pool is available to public shareholders. Shares gained approximately 2% on the announcement, a market signal that investors read the move as constructive capital allocation. The tender route creates a structured, time-bound mechanism: eligible shareholders on record as of April 24 can tender shares at the fixed price of Rs 1,000, which likely carried a premium to the prevailing market price at announcement. Buybacks conducted via tender offer are regulated by SEBI norms and require completion within a defined window post-record date. Investors should track acceptance ratios closely, as oversubscription from public float holders could reduce pro-rata allocations and limit effective returns.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
