CMS Info Systems Limited Extinguishes 49 Lakh Equity Shares Following Buyback Transaction
CMS Info Systems Limited has completed the extinguishment of a portion of its fully paid-up equity share capital following a buyback initiative. The company extinguished 49,39,126 dematerialized equity shares that were acquired at a price of ₹340 per share.The total aggregate consideration paid for these shares during the buyback process was ₹167,93,02,840.
CMS Info Systems Limited provided details regarding the impact of this transaction on its share capital, showing both pre- and post-extinguishment figures. The shares extinguished were fully paid-up equity shares of face value of ₹10 each.
The reconciliation of the company’s issued and subscribed share capital is detailed below:
| Particulars | No. of Equity Shares | Amount (in ₹) |
|---|---|---|
| Pre-extinguishment: Issued, subscribed and fully paid-up share capital | 16,46,37,541 | 164,63,75,410 |
| Less: Equity Shares bought back (Dematerialized Form) | 49,39,126 | 493,91,260 |
| Post-extinguishment: Issued, subscribed and fully paid-up share capital | 15,96,98,415 | 159,69,84,150 |
The buyback transaction saw the company acquire shares through a tender offer route. The transaction highlights the extent of the reduction in the outstanding equity share capital after the process was completed.
CMSINFO Stock Price Movement
Shares of CMS Info Systems Limited finished strongly on the trading day, climbing to close at ₹298.7, following a 1.9% gain. The stock activity included a volume of 305,576 shares traded and a session range that spanned from a low of ₹290.1 to a high of ₹299.9.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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