HICL Infra Co Executes Strategic Share Buyback

HICL Infra Co Shs GBP (GB:HICL) has released an update.

HICL Infrastructure PLC has successfully repurchased 150,000 of its ordinary shares at an average price of 124.30 pence each as part of its ongoing share buyback program. This strategic move is aimed at holding the acquired shares as treasury shares, which adjusts the total number of voting rights available to shareholders. Such buybacks are typically seen as a sign of confidence by the company in its own stock value.

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