SIS LIMITED has informed the Exchange about post Buyback Public Announcement
SIS · price
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SIS Limited has completed its buyback of 37,12,871 equity shares (about 2.57% of paid-up capital) at ₹404 per share, spending roughly ₹150 crores. The buyback opened on June 12, 2025 and closed on June 18, 2025, with settlements completed on June 25, 2025. The offer was oversubscribed about 2.78 times, receiving 4,017 valid bids for 1.03 crore shares against the target of 37.13 lakh shares. Promoter family members (Ravindra Kishore Sinha, Rita Kishore Sinha, Rituraj Kishore Sinha) tendered the largest chunk at about 58% of accepted shares, while mutual funds like Nippon India Small Cap Fund, Sundaram funds, and Bandhan Small Cap Fund also participated significantly. The extinguishment of the bought-back shares is expected by July 4, 2025, after which promoter holding will marginally rise to 72.15% from 71.91%.
The buyback was fully subscribed and oversubscribed nearly 3 times, signaling strong shareholder demand. Shareholders who tendered received ₹404 per share; remaining shareholders may see a marginal boost in earnings per share due to the reduction in total share count. Post-extinguishment, promoter shareholding increases slightly, marginally reducing public float.