Buyback1 Sept 2026, 12:34 pm
Man Infraconstruction Approves Share Buyback Up to ₹169.29 Cr
AI Summary
Man Infraconstruction Ltd's Board of Directors has approved a share buyback program. The company will repurchase its fully paid-up equity shares at a maximum price of ₹171 per share, with an aggregate amount not exceeding ₹169.29 crore. The buyback will be conducted through the open market route via the stock exchange mechanism, in compliance with SEBI regulations. The maximum number of shares to be bought back is 99,00,000, representing 2.45% of the company's total paid-up equity share capital. A Buyback Committee has been formed to oversee the process.
Key Highlights
- Board approves buyback of equity shares up to ₹169.29 crore.
- Maximum buyback price set at ₹171 per share.
- Buyback to be executed via open market route.
- Indicative maximum buyback shares: 99,00,000 (2.45% of capital).
- Buyback Committee constituted to manage the process.
Price Impact
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