Share Buybacks

Meanwhile, in the past three months, the stock has shed 16 per cent, as against 4 per cent decline in the S&P BSE Sensex.

Capital markets regulator Sebi on Wednesday imposed restrictions on the placement of bids, price and volume for the companies undertaking share buyback through the stock exchange route. Under the restrictions, a company will not be able to purchase more than 25 per cent of the average daily trading volume (in value) of its shares in the 10 trading days preceding the day in which such purchases are made, Sebi said in a circular. Among others, the company will not place bids in the pre-open market, first 30 minutes and the last 30 minutes of the regular trading session and the firm's purchase order price should be within the range of 1 per cent on either side from the last traded price. Sebi asked companies as well as appointed brokers to ensure compliance with the provisions. The stock exchange will monitor their compliance and in case of any instance of such non-compliance will impose appropriate fines or other enforcement actions as deem fit. Currently, for share buyback, compani

Digital financial services firm One97 Commuications, which operates under the Paytm brand, on Tuesday said it has completed buyback of shares worth Rs 849.83 crore at an average price of Rs 545.93 per share. The company bought back shares in the price range of Rs 702.65 to Rs 480.25 apiece, according to a regulatory filing. "The company bought back an aggregate of 1,55,66,746 equity shares utilising a total amount of Rs 849,83,39,982, which represents 99.98 per cent of the maximum buy-back size. The price at which equity shares were bough back was dependent on the price quoted on the stock exchanges," the company said. The Paytm board had approved buyback of shares worth Rs 850 crore on December 13, representing 6.67 per cent of the total paid-up share capital between December 21, 2022 to February 13. During the buyback period, Chinese e-commerce major Alibaba sold its entire direct stake in the company in two tranches. However, the company's group firm Ant Financial continues to

These companies had fixed December 23, as the Record Date for the purpose of determining the entitlement and eligibility of share holders to in the share buyback.

Buybacks will be undertaken through a separate window on stock exchanges until then

The buyback size represents 24.15 per cent and 13.19 per cent of the aggregate of the company's fully paid-up equity share capital and free reserves

New framework proposes enhancing amount companies can repurchase vis-a-vis free reserves

Dhanuka Agritech Ltd on Monday said its buyback offer for shares worth Rs 85 crore will open on December 26. The buyback will close on January 6, 2023, the company said in a regulatory filing. The company has proposed to buy back 10 lakh shares of face value of Rs 2 each at Rs 850 per share for an aggregate amount of Rs 85 crore through a tender offer process. The board approved the buyback of shares in a meeting held on November 1, 2022.

The number of shares bought back will be 10.5 million at the maximum buyback price of Rs 810, representing 1.6 per cent of the paid-up share capital

With strong focus in enquiry generation and aggressive coverage plans, both in domestic and international markets, the management expect to convert large opportunities in the imminent future.

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

Company's directors and key management personnel will not sell any shares during the buyback period

TMS Ep323: Budget impact on taxes, Cyber attacks, Markets, Share buyback

How will Budget 2023 affect your taxes and investments? How can you protect your bank account from cyberattacks? Will 2023 belong to the Bulls or the Bears? What is a share buyback? All answers here

What is a share buyback?

If the Paytm board approves the buyback, it will become the 51st company to announce a stock repurchase agreement in 2022. But what is a share buyback? Why does a company undertake it?

While a buyback could help stem the rout in Paytm shares at least temporarily, investors are questioning the attempt to manage the stock price rather than putting the cash to use for business

The company in a release to the exchanges said that the management believes that given the company's prevailing liquidity/ financial position, a buyback may be beneficial to the shareholders.

Digital financial services firm Paytm on Thursday said its board will meet on December 13 to consider a proposal for share buyback keeping in mind the company's liquidity position which may be beneficial for its shareholders. Paytm has a liquidity of Rs 9,182 crore, as per its last earnings report. Liquidity of a company is measured by its ability to covert assets into cash. "The meeting of board of directors of the company is scheduled to be held on Tuesday, December 13, 2022 to consider a proposal for buyback of the fully paid-up equity shares of the company," Paytm said in a BSE filing. The company's revenue in the last quarter was Rs 1,914 crore. "The management believes that given the company's prevailing liquidity/financial position, a buyback may be beneficial for our shareholders," the filing said. The company in its recent analyst meeting, where it had outlined key growth drivers, had said that it expects to become cash flow positive in the next 12-18 months. Paytm got

Trading volumes on the counter jumped over three-fold with a combined 3.6 million shares changing hands on the NSE and BSE till 12:46 pm

Despite the past two days' rally, the stock of Cosmo First has underperformed the market in the past six months by falling nearly 30 per cent

Currently, companies can buyback only 25 per cent of the paid-up capital and free reserves under the tender route