Company to repurchase up to 54.24 lakh shares at Rs 1,475 apiece through tender offer route, with promoters also eligible to participate in the buyback
The US automaker said it expected to repurchase $2 billion of shares by the first half of this year, with the remainder to be bought at any point of the company's choosing
In 2024, 48 companies repurchased shares worth Rs 13,423 crore, compared to Rs 48,079 crore spent on share buybacks by the same number of companies in 2023
Companies declare the beneficiaries of dividends, bonus shares, or buyback offers based on the list of investors recorded by the end of record date. Here is the list of stocks to trade ex-date today
Share buyback tax: A sharp rise (in share buyback quantum), analysts said, can be attributed to the significant changes in India's share buyback tax regime, which will come into effect from October 1
The uptick in the stock price came after the company posted a strong set of numbers in the June quarter. The board also announced a dividend and share buyback, which further fuelled the stock rally.