{"id":110745,"date":"2026-09-01T08:31:16","date_gmt":"2026-09-01T08:31:16","guid":{"rendered":"https:\/\/indianweekend.in\/index.php\/2026\/09\/01\/man-infraconstruction-approves-rs-169-29-crore-share-buyback-at-up-to-rs-171-per-share\/"},"modified":"2026-09-01T08:31:16","modified_gmt":"2026-09-01T08:31:16","slug":"man-infraconstruction-approves-rs-169-29-crore-share-buyback-at-up-to-rs-171-per-share","status":"publish","type":"post","link":"https:\/\/indianweekend.in\/index.php\/2026\/09\/01\/man-infraconstruction-approves-rs-169-29-crore-share-buyback-at-up-to-rs-171-per-share\/","title":{"rendered":"Man Infraconstruction Approves Rs 169.29 Crore Share Buyback at Up to Rs 171 Per Share"},"content":{"rendered":"<div>\n<p class=\"wp-block-paragraph\"><strong>Mumbai (Maharashtra) [India], September 1:<\/strong> Man Infraconstruction Limited has approved a share buyback of up to\u00a0<strong>99 lakh fully paid-up equity shares<\/strong>\u00a0at a maximum price of\u00a0<strong>\u20b9171 per share<\/strong>, for an aggregate amount of up to\u00a0<strong>\u20b9169.29 crore<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\">The decision was approved by the company\u2019s Board of Directors at its meeting held on September 1, 2026. The proposed buyback will be undertaken through the\u00a0<strong>open-market route via the stock exchange mechanism<\/strong>, in accordance with applicable provisions of the SEBI Buy-Back of Securities Regulations, the Companies Act, 2013, and other applicable regulations.<\/p>\n<p class=\"wp-block-paragraph\">At the maximum buyback price of \u20b9171 per share and the maximum buyback size of \u20b9169.29 crore, the company could purchase up to\u00a0<strong>99 lakh equity shares<\/strong>, representing approximately\u00a0<strong>2.45% of its total paid-up equity share capital<\/strong>\u00a0as of September 1, 2026. The proposed buyback remains below the regulatory threshold of 25% of the existing paid-up equity capital.<\/p>\n<p class=\"wp-block-paragraph\">The company has clarified that if the shares are bought back at a price below \u20b9171 per share, the actual number of shares repurchased could exceed the indicative 99 lakh shares, assuming full deployment of the maximum buyback amount. However, the total expenditure will remain capped at \u20b9169.29 crore.<\/p>\n<h3 class=\"wp-block-heading\">Promoter Holding Could Rise to 64.09%<\/h3>\n<p class=\"wp-block-paragraph\">According to the company\u2019s disclosed pre- and post-buyback shareholding pattern, promoters and the promoter group currently hold\u00a0<strong>25.24 crore shares<\/strong>, representing\u00a0<strong>62.52%<\/strong>\u00a0of the company\u2019s equity share capital.<\/p>\n<p class=\"wp-block-paragraph\">Assuming the maximum buyback of 99 lakh shares at \u20b9171 per share, the promoter holding is projected to increase to\u00a0<strong>64.09%<\/strong>, while the public shareholding could decline from\u00a0<strong>37.48% to 35.91%<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\">The company\u2019s total outstanding equity shares would, under the maximum buyback scenario, reduce from approximately\u00a0<strong>40.37 crore shares to 39.38 crore shares<\/strong>.<\/p>\n<h3 class=\"wp-block-heading\">Buyback Committee Constituted<\/h3>\n<p class=\"wp-block-paragraph\">Man Infraconstruction has also constituted a\u00a0<strong>Buyback Committee<\/strong>\u00a0and delegated to it the authority to undertake the necessary actions and formalities in connection with the proposed buyback.<\/p>\n<p class=\"wp-block-paragraph\">The company said that a\u00a0<strong>public announcement containing the process, timelines and other statutory details of the buyback will be released in due course<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\">The company\u2019s disclosure was made under\u00a0<strong>Regulation 30 of the SEBI Listing Regulations<\/strong>\u00a0following the Board meeting held on September 1, 2026.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], September 1: Man Infraconstruction Limited has approved a share buyback of up to\u00a099 lakh fully paid-up equity shares\u00a0at a maximum price of\u00a0\u20b9171 per share, for an aggregate amount of up to\u00a0\u20b9169.29 crore. The decision was approved by the company\u2019s Board of Directors at its meeting held on September 1, 2026. The proposed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":110746,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[116],"tags":[19],"class_list":["post-110745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/posts\/110745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/comments?post=110745"}],"version-history":[{"count":0,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/posts\/110745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/media\/110746"}],"wp:attachment":[{"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/media?parent=110745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/categories?post=110745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/tags?post=110745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}