Buyback complete: IITL extinguishes 16.22 lakh shares
IITL · price
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On the reaction day the stock moved 8.7 pts more than Nifty Microcap 250 and 7.0 pts more 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 Limited has completed its buyback, extinguishing 16,22,822 equity shares of face value INR 10 each. Total value extinguished: INR 1.62 crore. Paid-up capital reduced from 2,25,47,550 to 2,09,24,728 shares. Promoter holding rose from 49.92 percent to 53.79 percent.
Reduces share count by about 7.2 percent, lifting promoter stake. May support EPS for remaining shareholders.