Man Infraconstruction announces Rs 169.29 crore open market buyback at up to Rs 171 per share
MANINFRA · price
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Man Infraconstruction has informed shareholders about its open market buyback approved by the Board on September 1, 2026. The company will buy back equity shares worth up to Rs 169.29 crores at a maximum price of Rs 171 per share (face value Rs 2), representing about 2.45 percent of paid-up capital (around 99 lakh shares). The buyback opens on or before September 9, 2026 and closes by December 16, 2026. It will be executed through BSE and NSE, open only to non-promoter shareholders holding shares in demat form.
Buyback signals management confidence and can support share price; reduces equity by about 2.45 percent. Only non-promoter shareholders eligible to tender.