A V Thomas & Company Limited has announced the buyback offer of up to 23,885 shares fully paid up equity shares of the face value of Rs. 10 each of the company, from the existing shareholders through the tender offer process. The company is offering at the price of Rs. 13000 per equity share aggregating up to Rs. 31 crores. The buyback size represents 9.99% on a standalone basis and 10.26% on a consolidated basis of the fully paid-up equity share capital and free reserve as per the latest available audited financial statements of the company for the financial year ended March 31, 2022, on the standalone and consolidated basis which stands at Rs. 31 crores. The opening date of the buyback is September 19, 2022, and the closing date is October 18, 2022. The company has said they are bringing the buyback to optimize returns to shareholders and enhance overall shareholders value. The company further added that this may lead to a reduction in outstanding shares, an improvement in earnings per share, and an enhanced return on invested capital. The company has revealed that the fund for buyback will be made available from the current surplus, cash balances, or internal accruals of the company. In the unlisted space, in the last three years, the share price of AVT Thoms nearly doubled from Rs. 6000 per share to Rs. 11000 per share. The main reasons behind the surge in the shares of AVT Thomas are attributed to high demand driven by high returns and the growth of the company. Incorporated in 1935, A V Thomas is engaged in manufacturing, trading, and exports. The trade segment includes the trading of cardamom, vending machines, and dairy products. The main division includes the sale of packet tea, premix tea, and coffee in packet, bulk, or value-added forms. The company also provides services related to logistics. The company’s business operations are mainly spread over the southern region of the country.