Prime Securities Limited has announced a board meeting regarding a Tender Buyback of up to 6,00,000 fully paid-up equity shares at a price of Rs. 305 per share, totaling a maximum buyback size of Rs. 18.30 Cr.

This buyback represents approximately 1.79% of the total paid-up equity shares and about 16.98% of the company's fully paid-up capital and reserves as per the latest audited financials.

The buyback will occur on a proportionate basis through the Stock Exchange mechanism and will be subject to shareholder approval and regulatory compliance.

A record date will be announced later.