EconomyTürkiye Official institution
Kervan Food buys back 400 thousand shares in October
Kervan Food Industry and Trade Inc. bought back 400.000 Group B shares on 20 October 2026 at prices between 2,07 and 2,10 TL, at an average of 2,0875 TL. Under the program launched by the board of directors' decision dated 28 September 2026, the company has so far bought back a total of 45.204.109 shares; this equals 2,09 percent of capital. A share buyback is when a company purchases its own shares from the market.
What does it mean?
The company continues to buy its own exchange-traded shares, supporting a share price that reflects its actual performance; the funds set aside for the program are stated as 50.000.000 TL.
Who is affected?
Investors holding KRVGD shares