AIA Engineering Rs 500-crore buyback: Last day to buy before record date

The board of AIA Engineering has approved its first-ever share buyback, totaling Rs 500 crore at Rs 5,000 per share—a premium of nearly 10% over the closing price of Rs 4,553 on Friday. August 20 has been set as the record date. While the company has not issued bonus shares, it consistently pays dividends to its shareholders.