Announced Fri, 19 Jun · 15:49 IST
CMS Info Systems extinguishes 49.39 lakh shares under Rs 168 crore buyback
Corporate Actions View source PDF
CMSINFO · price
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Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹298.95
prior close
₹299.95
base price
After-mkt
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AI summary
CMS Info Systems has completed its buyback, extinguishing 49,39,126 equity shares at Rs 340 per share for an aggregate Rs 167.93 crore via the tender offer route on a proportionate basis. Paid-up share capital is reduced from 16,46,37,541 to 15,96,98,415 equity shares of Rs 10 each, a reduction of about 3 percent.
Likely market impact
Reduces share count by 3 percent, likely boosting EPS. Signals management confidence. Tendering shareholders received Rs 340 per share.