Tips Music plans Rs 44.5 crore share buyback at up to Rs 750

MUMBAI: Tips Music is putting a little more music into its capital strategy, with the company planning to buy back its own shares from the open market for up to Rs 44.5 crore.

The company will undertake the buyback of fully paid-up equity shares with a face value of Rs 1 each, at a price of up to Rs 750 per share, through the stock exchanges.

The proposed buyback is being undertaken under the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, along with the applicable provisions of the Companies Act, 2013 and other relevant laws.

Tips Music has appointed Inga Ventures Private Limited as the manager for the buyback. In a September 4 filing to BSE Limited and the National Stock Exchange of India, Inga Ventures said the company is in the process of undertaking the buyback in accordance with the applicable regulatory requirements.

The company had filed a public announcement dated September 3, 2026, in accordance with Regulation 16 of the SEBI Buyback Regulations. The announcement was published in Financial Express, Jansatta and Mumbai Laksahdeep, covering English, Hindi and Marathi audiences respectively.

The buyback comes with a maximum price of Rs 750 per equity share and an overall consideration capped at Rs 44.5 crore, giving investors a fresh corporate action to watch as the company moves ahead with the process.