New Delhi, Sept. 1 -- Man Infraconstruction share price jumped over 3% to its day's high of Rs.126.30 per share on BSE on Monday, September 1, after it announced a share buyback worth up to Rs.169.29 crore through the open market route.

The company's board approved the repurchase of fully paid-up equity shares at a price of up to Rs.171 per share, offering an important corporate development for the company's public shareholders.

"...we hereby inform you that the Board of Directors of the Company has, inter alia approved the Buyback of fully paid-up equity shares having a face value of Rs. 2/- (Rupees Two only) each of the Company at a price not exceeding Rs. 171/- (Rupees One Hundred and Seventy One only) per equity share ("Maximum Buyb...