Infinite Computer Solutions (India) is locked in upper circuit filter of 10% to Rs 90.85 on NSE after announcing the buyback of its own equity shares from the public shareholders.
“The board of directors of the IT consulting and software firm will meet on June 05, 2013, to consider a proposal for buy-back of equity shares,” Infinite Computer Solutions (India) said in a statement.
Currently, the promoters hold 67.47% stake in the company. Individual investors hold 14.86% holding, followed by foreign institutional investors (10.48%), non-resident Indians (4.34%), bodies corporate (1.05%) and while remaining 1.8% stake is with others.
The stock opened at Rs 82 and has seen a combined 222,796 shares changing hands on the counter so far. There are pending buy orders for 18,418 shares on NSE and BSE.
“The board of directors of the IT consulting and software firm will meet on June 05, 2013, to consider a proposal for buy-back of equity shares,” Infinite Computer Solutions (India) said in a statement.
Currently, the promoters hold 67.47% stake in the company. Individual investors hold 14.86% holding, followed by foreign institutional investors (10.48%), non-resident Indians (4.34%), bodies corporate (1.05%) and while remaining 1.8% stake is with others.
The stock opened at Rs 82 and has seen a combined 222,796 shares changing hands on the counter so far. There are pending buy orders for 18,418 shares on NSE and BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%