InfoBeans Techno. Ltd. has informed the Exchange regarding a press release dated May 15, 2025, titled "Press release announcing Buy Back of shares".
INFOBEAN · price
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Awaiting price reaction for this filing.
InfoBeans Technologies has announced a buyback of up to 2,15,520 fully paid-up equity shares at INR 464 per share, totaling INR 10 Crores. This price is 29% higher than the last closing price of INR 359.7 on NSE as of May 15, 2025. The buyback will be carried out through a tender offer open to all shareholders as on the record date of May 27, 2025. Notably, the promoters have voluntarily opted not to participate, meaning the full benefit of the buyback premium goes to public shareholders. The buyback price also represents an 8x increase over the company's listing price of INR 58 back in May 2017.
This is a positive signal for shareholders — the 29% premium over market price offers an attractive exit opportunity via the tender route, and the fact that promoters are staying out signals confidence in future growth while letting public investors capture the full upside.