StockWatch
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Non Banking Financial Company (NBFC)
Buyback21 Aug 2026, 12:14 pm

Industrial Investment Trust Ltd Announces Buyback of 16.67 Lakh Shares

AI Summary

Industrial Investment Trust Limited has announced a buyback of up to 16,66,667 equity shares, representing 7.39% of its total paid-up equity capital. The buyback will be conducted on a proportionate basis through the tender offer route at a price of ₹150 per share. The total amount for the buyback is capped at ₹25,00,00,050, excluding transaction costs. The record date for determining eligible shareholders is August 18, 2026. Systematix Corporate Services Ltd is acting as the Manager to the Buyback. The company has complied with SEBI regulations and published the offer opening advertisement in Financial Express and Jansatta.

Key Highlights

  • Buyback of up to 16,66,667 equity shares at ₹150 each.
  • Total buyback value not exceeding ₹25.00 Cr (excluding costs).
  • Buyback is on a proportionate basis via tender offer.
  • Record date set for August 18, 2026.
  • Manager to the Buyback is Systematix Corporate Services Ltd.