Buyback20 Aug 2026, 01:48 pm
Industrial Investment Trust Ltd Announces Buyback Offer
AI Summary
Industrial Investment Trust Ltd has announced a buyback offer for up to 16,66,667 equity shares, representing 7.39% of its total paid-up equity capital. The buyback will be conducted through the tender offer process at a price of ₹150 per share, payable in cash. The total amount for the buyback will not exceed ₹25,00,00,050, excluding transaction costs. The record date for determining eligible shareholders is August 18, 2026, with the dispatch of the Letter of Offer expected by August 20, 2026. This buyback is within the statutory limit of 10% of the company's paid-up equity share capital and free reserves.
Key Highlights
- Buyback of up to 16,66,667 equity shares at ₹150 per share.
- Total buyback value capped at ₹25,00,00,050 excluding costs.
- Represents 7.39% of the company's total equity share capital.
- Buyback is within the statutory limit of 10% of capital and reserves.
- Record date for eligibility is August 18, 2026.
Price Impact
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