Man Infraconstruction Approves ₹169.29 Crore Open-Market Share Buyback

Board approved an open-market buyback of up to 99 lakh equity shares, representing 2.45% of paid-up capital, at a maximum price of Rs 171 per share and aggregate cost of Rs 169.3 Cr, excluding transaction costs. The buyback provides a direct capital return while excluding promoters and promoter group from participation, consistent with the company's conservative funding approach. Assuming the maximum buyback, promoter ownership would rise from 62.52% to 64.09%. Actual shares bought back and final post-buyback ownership will depend on market purchases below the maximum price. Process, timelines, acceptance mechanics and other statutory details remain pending the public announcement.