CyberTech completes buyback, extinguishes 8.5 lakh shares at Rs 170 each
CYBERTECH · price
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.1 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CyberTech Systems and Software has completed its buyback, extinguishing 8,50,000 equity shares of Rs 10 face value at Rs 170 each through the tender offer route. Total payout is about Rs 14.45 crore. Post-buyback share capital stands at 3,02,80,593 shares, down from 3,11,30,593 shares, a 2.73% reduction. Promoter holding rose from 36.97% to 38.01% on a post-buyback basis.
Reduces share count by 2.73%, modestly boosting promoter stake and EPS. Mild positive for remaining shareholders through reduced float.