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Don’t miss the latest developments in business and finance.
Paytm board okays share buyback worth Rs 850 crore at Rs 810 per share
Assuming a full buyback of Rs 850 crore and applicable buyback taxes, the total outlay would be in excess of approximately Rs 1,048 crore
Paytm in focus as board considers buyback; IIAS raises key concerns
The buyback proposal comes less than 13 months of Paytm's disastrous listing, which saw its shares tank as much as 80 per cent
Buybacks jump 2.6 times this year as stocks take a tumble, shows data
51 companies have announced Rs 37,519-crore buybacks so far
Infosys shares drop 2.6% despite buyback proposal, end at Rs 1,425
The stock underperformed both the Nifty and the Nifty IT index, which fell 1.5% and 2%, respectively
Bharti Airtel International enhances buy back tender offer to $450 mn
The company had issued a tender offer to purchase USD 300 million worth of its 5.35 per cent guaranteed senior notes of USD 1 billion due 2024.
Infosys completes buyback of 55.8 million shares worth Rs 9,200 crore
IT services major Infosys on Monday said it has bought back over 55.8 million equity shares as part of its about Rs 9,200 crore buyback offer
Licious opens its first-ever ESOP buyback option worth Rs 30 crore
The programme is designed to enable wealth creation opportunities for over 600 employees
Infosys gains 3%, hits new high as board to consider buyback of shares
The buyback could be worth Rs 10,000 - 12000 crore (around 2 per cent of market cap) at a price of Rs 1650- 1670 per share, a media report said
Wipro's Rs 9,500 cr buyback opens today. Should you tender your shares?
Thus far in calendar year 2020 (CY20), Wipro has gained 54.2 per cent as compared to 13.72 per cent gain in the benchmark S&P BSE Sensex
KIOCL freezes at 10% upper circuit as Board to mull share buyback
The board will meet on Monday, October 19, 2020 to consider the proposal for buy back of fully paid-up equity shares of the company
TCS surges 5%, hits new high on healthy Q2 results, Rs 16,000 crore buyback
The TCS board has approved a buyback amounting to Rs 16,000 crore; to buy back 53.3 million shares at Rs 3,000 apiece
Sebi extends relaxation in procedural norms for open, buyback offers
The regulator, in May, had granted one-time relaxations from strict enforcement of SAST Regulations and norms for buyback of securities through open and buyback tender offers
GE Shipping's buyback committee approves closure of Rs 100-crore offer
The buyback committee of the company, at its meeting held today, has approved the closure of the buyback
Buyback offers: Options for traders
A promoter can announce a buyback, extinguish some shares and cash in