Sarthi Capital Advisors Pvt Ltd ("Manager to the Buy-Back") has submitted to BSE a copy of Letter of Offer for Buyback of equity shares of Infobeans Technologies Ltd (the "Company").
INFOBEAN · price
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Awaiting price reaction for this filing.
InfoBeans Technologies Limited has filed the Letter of Offer for a buyback of up to 2,15,520 fully paid-up equity shares (0.88% of total paid-up capital) at ₹464 per share through a tender offer route. The total buyback size is up to ₹10,00,01,280 (about ₹10 crores), which represents 3.29% and 3.19% of paid-up capital and free reserves on standalone and consolidated basis respectively as of March 31, 2025. The buyback is being done from existing shareholders excluding promoters, on a proportionate basis with small shareholders getting reserved quota (5 shares for every 222 held) and general category getting 13 shares for every 347 held. The record date is May 27, 2025, with the buyback window running from June 02, 2025 to June 06, 2025, and Sarthi Capital Advisors is managing the buyback while MUFG Intime is the registrar.
This is a relatively small buyback (only 0.88% of total equity) which may provide modest support to the stock price during the tender window. Shareholders as on record date can tender shares and potentially exit at the buyback price, while the company's action signals confidence in returning cash to shareholders from free reserves.