InfoBeans Plots a Power Move: Board Mulls Share Buyback to Boost Investor Value

InfoBeans Technologies Ltd has formally announced that its Board of Directors will meet on May 15, 2025, to deliberate and approve a proposal of share buyback. The firm has made the disclosure in a filing to Bombay Stock Exchange (BSE) on May 12, 2025, after market hours.

 

The proposed buyback is part of InfoBeans' ongoing effort to optimize shareholder value and reorganize its capital. The terms, quantum, and mode of the buyback shall be determined by the board of the company in the meeting convened. The move has been made at a time when InfoBeans Technologies' stock price has been highly volatile, with the stock price standing at ₹305.80 as of May 12, 2025, with a decline of over 28% in the past one year and a 52-week low of ₹270.55.

 

Apart from the buyback offer, the company has also declared the closure of its trading window, effective from today, as per regulatory guidelines to avoid insider trading before the board meeting.

 

Market observers and investors are waiting anxiously for the board's response, as a buyback would demonstrate the management's faith in the long-term future of the company and the share price justification.

 

Source: Moneycontrol