Buyback4 Sept 2026, 03:46 pm
Man Infraconstruction Announces ₹169.29 Cr Open Market Buyback
AI Summary
Man Infraconstruction Ltd has announced an open market buyback of its equity shares through stock exchanges. The buyback, approved by the Board on September 1, 2026, will be for an aggregate amount not exceeding ₹169.29 crore, at a price not exceeding ₹171 per share. The company plans to buy back up to 99,00,000 equity shares, representing approximately 2.45% of the existing paid-up capital. The buyback is being conducted in compliance with SEBI regulations, and an intimation has been sent to shareholders. The buyback is expected to open on or before September 9, 2026, and will close by December 16, 2026, or earlier if the maximum buyback size is deployed.
Key Highlights
- Company announces open market buyback of equity shares.
- Total buyback size capped at ₹169.29 crore.
- Maximum buyback price set at ₹171 per share.
- Up to 99 lakh shares (2.45% of capital) to be repurchased.
- Buyback to be conducted via stock exchange mechanism.
Price Impact
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