Industrial Investment Trust Limited has informed the Exchange about Buyback. value of Rs. 10/~ (Rupee Ten…

IITL's Board of Directors has approved a buyback of up to 1,666,667 fully paid-up equity shares, representing approximately 7.39% of the total paid-up equity share capital, at a price of INR 150 per share for a total amount not exceeding INR 25 crore. The buyback will exclude the promoters and will be managed by a newly constituted Buyback Committee. Mrs. Cumi Banerjee has been appointed as the Compliance Officer for the buyback process.

A buyback returns cash by retiring shares, so the benefit to a holder depends on the price paid, how many of their shares are accepted, and what the stub is worth afterwards.

• Record date and acceptance ratio
• Promoter participation
• Cash left on the balance sheet afterwards