Page 4 - Share Buybacks
ArcelorMittal increases share buy-back programme by $1 billion
BRUSSELS (Reuters) - ArcelorMittal, the world's largest steelmaker, said on Thursday it was increasing its share buyback programme by another $1 billion after reporting its strongest quarter in more than a decade.
 "ArcelorMittal increases share buy-back programme by $1 billion")
SoftBank Group shares jump 10% on $9 billion buyback announcement
The buyback is SoftBank's second largest after a record 2.5 trillion yen buyback launched during the depths of the COVID-19 pandemic last year
 "SoftBank Group shares jump 10% on $9 billion buyback announcement")
Blizzard-hit SoftBank launches $9-bn buyback after $10-bn Vision Fund loss
Even as the value of its assets slide, the Japanese tech conglomerate said its stock is undervalued and will spend up to 1 trillion yen ($9 bn) buying back nearly 15% of its shares
 "Blizzard-hit SoftBank launches $9-bn buyback after $10-bn Vision Fund loss")
Nucleus Software surges 16% as Board to consider share buyback plan
The company has scheduled its board meet on September 24 to consider the proposal
 "Nucleus Software surges 16% as Board to consider share buyback plan")
Goldiam Intl soars 14%, hits fresh record high; stock zooms 625% in 1 year
The Board of Goldiam International is scheduled to meet on September 13 to consider share buyback
 "Goldiam Intl soars 14%, hits fresh record high; stock zooms 625% in 1 year")
Music streaming giant Spotify to spend $1 bn buying its own stock
Swedish music streaming giant Spotify has announced to spend up to $1 billion between now and April 21, 2026 to repurchase its own shares.
 "Music streaming giant Spotify to spend $1 bn buying its own stock")
StanChart H1 pretax profit leaps 57%, announces $250 million buyback
Standard Chartered PLC posted a 57% jump in its first-half pretax profit, higher than expected, as the bank benefited from an economic recovery from the coronavirus pandemic
 "StanChart H1 pretax profit leaps 57%, announces $250 million buyback")
Balrampur Chini Mills soars 8%, hits record high on share buyback plan
The board of directors of Balrampur Chini Mills is scheduled to meet on Monday, August 9, 2021, to consider buyback of equity shares of the Company
 "Balrampur Chini Mills soars 8%, hits record high on share buyback plan")
Tanla Platforms hits 5% upper circuit for 2nd day straight on buyback plan
Despite past two days' gain, Tanla Platforms has underperformed the market in the last three months by falling 2.5 per cent, as compared to a 8.6 per cent rise in the S&P BSE Sensex
 "Tanla Platforms hits 5% upper circuit for 2nd day straight on buyback plan")
Infosys' buyback of shares worth Rs 9,200 cr to start from Friday
The company has proposed to buy back shares at a maximum price of Rs 1,750 per share
 "Infosys' buyback of shares worth Rs 9,200 cr to start from Friday")
ByteDance launches share buyback after shelving IPO plans: Report
BEIJING (Reuters) - ByteDance, the Chinese owner of short video platform giant TikTok, launched a share buyback this week for current and former employees, two people with direct knowledge of the matter said on Wednesday.
 "ByteDance launches share buyback after shelving IPO plans: Report")
Sebi imposes Rs 5.25 cr fine on Cairn India in share buyback case
Markets regulator Sebi on Wednesday imposed a penalty of Rs 5.25 crore on Cairn India for making a misleading announcement regarding the buyback of shares in 2014.
 "Sebi imposes Rs 5.25 cr fine on Cairn India in share buyback case")
Swiss Parliament panel to discuss Credit Suisse billion-dollar scandal
Prospect of concrete action remains unclear despite the crisis at the country's second-biggest bank
 "Swiss Parliament panel to discuss Credit Suisse billion-dollar scandal")
Welspun India Q4 net surges 48%, announces Rs 200 crore share buyback
The total income during the quarter under review stood at Rs 2,173.56 crore as against Rs 1,664.46 crore in the corresponding quarter a year ago
 "Welspun India Q4 net surges 48%, announces Rs 200 crore share buyback")
Change in tax structure prompted India Inc to favour buybacks again in FY21
In 2020-21, Indian firms offered to buy back shares worth Rs 39,295 crore, or 97% more than Rs 19,972 cr proposed in the previous financial year
 "Change in tax structure prompted India Inc to favour buybacks again in FY21")
NIIT surges 19% on announcement of share buyback schedule
The company's board on December 24, 2020, had approved an up to Rs 237 crore buyback proposal at Rs 240 per equity share
 "NIIT surges 19% on announcement of share buyback schedule")
GAIL buyback offer to open for 6,97,56,641 fully paid-up equity on Feb 25
The funds for the buyback will be met out of internally-generated cash resources of the company, it added
 "GAIL buyback offer to open for 6,97,56,641 fully paid-up equity on Feb 25")
NIIT's up to Rs 237-crore buyback plan gets shareholder approval
The firm on Friday said its up to Rs 237 crore buyback plan has received approval from shareholders
 "NIIT's up to Rs 237-crore buyback plan gets shareholder approval")
Wipro Q3 net profit rises 21%, profitability at 22-quarter high
Dollar revenue growth highest in 36 quarters; firm has given an bullish outlook on revenue growth of 1.5-3.5 per cent for the March quarter
 "Wipro Q3 net profit rises 21%, profitability at 22-quarter high")
TCS buyback offer: Tata Sons tenders shares worth Rs 10,000 crore
The single largest shareholder of TCS, Tata Sons tendered more than 33.3 million shares during the offer, according to a regulatory filing
 "TCS buyback offer: Tata Sons tenders shares worth Rs 10,000 crore")
