Tracxn Technologies approved a share buyback program worth almost Rs 8 crore, with a fixed repurchase price of Rs 70 per share, representing a 20% premium over Monday's closing price of Rs 57.49 on the NSE.
The buyback committee cleared the repurchase of up to 11,42,857 fully paid-up equity shares, equivalent to just over 1% of the outstanding shares as of March 2025. The record date for eligibility is set as July 18, 2025.
The decision for the share buyback comes amid financial challenges for Tracxn, as it reported a net loss of Rs 7.6 crore in Q4 FY25, compared to a profit of Rs 1.4 crore in the same period last year. Revenue grew by 3.9% year-over-year to Rs 21.1 crore.
Founded in 2013 by Neha Singh and Abhishek Goyal, Tracxn tracks startups and private companies globally, providing detailed data on funding rounds, cap tables, and financials.