Man Infraconstruction Approves Equity Share Buyback

Man Infraconstruction Ltd's Board of Directors has approved a buyback of equity shares. The buyback will be conducted via the open market route at a maximum price of ₹171 per share, for an aggregate amount not exceeding ₹169.29 crore. The maximum number of shares to be bought back is 99,00,000, representing 2.45% of the total paid-up equity share capital. This buyback is within the regulatory limits, not exceeding 10% of the aggregate paid-up capital and free reserves. A dedicated Buyback Committee has been formed to oversee the process. Further details will be announced in a public announcement.