Board approves buyback of up to Rs 169.29 crore at max Rs 171 per share
MANINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 2.2 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Man Infraconstruction board approved buyback of up to 99 lakh equity shares (2.45 percent of paid-up capital) via open market route at max Rs 171 per share, totaling up to Rs 169.29 crore. Promoters and promoter group are excluded. The buyback size is 8.66 percent of standalone paid-up capital and free reserves. Post-buyback promoter holding rises to 64.09 percent from 62.52 percent.
Signals board confidence in valuation; open market buyback may support share price and modestly boost EPS via 2.45 percent capital reduction.