CMS Info Systems Limited has informed the Exchange about Public Announcement - Buyback of Shares along with copy of Board Resolution
CMSINFO · price
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CMS Info Systems Limited has announced a buyback of up to 49,39,126 fully paid-up equity shares (3% of total paid-up capital) at ₹340 per share in cash, for a total consideration of up to ₹167.93 crore. The buyback represents 7.56% (standalone) and 7.17% (consolidated) of the company's paid-up capital and free reserves as of March 31, 2026, which is within the statutory 10% limit. The buyback will be conducted via the tender offer route through the stock exchange mechanism, with 15% of shares reserved for small shareholders. The record date for determining eligible shareholders will be decided later.
The buyback price of ₹340 represents a premium of approximately 15-16% over the current market price (around ₹294-296), which is positive for selling shareholders as they receive a price above market rates. The company will fund this from its cash reserves and internal accruals.