Board approves buyback of 16.66 lakh shares at INR 150 each
IITL · price
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On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.5 pts less than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Industrial Investment Trust board approved buyback of up to 16,66,667 equity shares (7.39 percent of paid-up capital) at INR 150 per share, aggregating up to INR 25 crore. The buyback is via the tender offer route. Promoters will not participate. Record date is August 18, 2026.
Buyback shrinks share count, potentially supporting price. Promoters opting out means more allocation chance for public shareholders in the tender.