CyberTech to Buyback 8.5 Lakh Shares at ₹170
CyberTech Systems and Software Ltd's board approved a buyback of up to 8,50,000 fully paid-up equity shares with a face value of ₹10 each, at a price of ₹170 per share. The buyback, representing 2.73% of the total equity shares, will be executed on a proportionate basis through a tender offer, utilizing stock exchange mechanisms as per SEBI Buyback Regulations. The total buyback size will not exceed ₹14.45 Crore, which is within the statutory limit of 10% of the company's paid-up capital and free reserves.
Key Highlights
- CyberTech approves buyback of 8.5 Lakh equity shares.
- Buyback price set at ₹170 per equity share.
- Total buyback size not exceeding ₹14.45 Crore.
- Buyback represents 2.73% of total equity shares.
- Buyback via tender offer route as per SEBI regulations.
Price Impact
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