ROLEXRINGS — Rolex Rings completes ₹180 crore share buyback, promoter stake rises to 54.23%

Rolex Rings Limited has successfully concluded its share buyback program, repurchasing 10 million shares at ₹180 each for a total consideration of ₹1,800 million (₹180 crore). The tender offer was oversubscribed 5.71 times. Following the extinguishment of shares, the promoter and promoter group's holding in the company has increased from 52.24% to 54.23%.