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SIS approves share buyback of up to Rs 120 crore. Check details

SIS has announced a share buyback worth Rs 120 crore at a maximum price of Rs 478.50 per share, marking its fifth buyback since its listing. This strategic move is significant as it aims to enhance shareholder value, potentially increasing cumulative returns to approximately Rs 720 crore through buybacks and dividends. Such corporate actions are critical indicators of a company's financial health and investor confidence, making it relevant for economic studies.