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Man Infraconstruction board approves open-market share buyback up to ₹171
The company approved a buyback of up to ₹169.29 crore, targeting as many as 99 lakh shares while promoters and other insiders will not participate.
Man Infraconstruction’s board has approved a share buyback of fully paid-up equity shares through the open market route, according to an exchange filing covered by LiveMint Markets. The company set a maximum buyback price of ₹171 per share.
The buyback will be funded in cash via stock exchange mechanisms under SEBI buyback rules and the Companies Act, with promoters, the promoter group, and persons acting in control not participating. The maximum buyback size is ₹169.29 crore, subject to regulatory timelines and the detailed public announcement to come.
LiveMint Markets reported that at the maximum buyback price and maximum size, the company could repurchase up to 99 lakh equity shares. The indicative maximum buyback represents 2.45% of the company’s total paid-up equity share capital as of September 1, 2026, and is also less than 25% of its existing paid-up equity capital.