Extinguishment of 49.39 lakh shares under buyback at Rs 340 each
CMSINFO · price
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CMS Info Systems has extinguished 49,39,126 equity shares bought back at Rs 340 per share, for a total payout of Rs 167.93 crore via the tender offer route. Post-buyback paid-up share capital stands at 15,96,98,415 equity shares of Rs 10 each, down from 16,46,37,541 shares prior to the extinguishment. All extinguished shares were held in dematerialized form.
Share count reduces to 15.97 crore from 16.46 crore; earnings per share should improve marginally post buyback completion.