Listed market intelligence platform Tracxn's buyback committee has approved a stock buyback programme worth nearly INR 8 Cr, representing a premium of 22% compared to the stock's previous closing price.
The buyback involves purchasing 11.42 Lakh shares at INR 70 apiece through a tender offer route, with a record date set as July 18, 2025, to determine shareholder eligibility.
Tracxn reported a net loss of INR 7.6 Cr in Q4 FY25 and a full-year net loss of INR 9.5 Cr, coupled with a marginal increase in operating revenue.
The stock's price decline, attributed to lacklustre financial performance, has seen over a 25% drop year-to-date and a more than 40% decrease over the past year on the BSE.