Tips Music approves ₹44.5 crore buyback; shares fall

Tips Music Ltd's board approved a ₹44.5 crore open-market share buyback at up to ₹750 per share, covering only 0.46% of equity. Shares fell over 5% from the day's high as investors weighed the small size. The buyback, subject to shareholder approval, follows a mixed June quarter: revenue rose 21% to ₹107 crore, but net profit slipped 4.6% to ₹43.7 crore due to higher content investments.