BSE buyback: Should you tender your shares?

Given company's strong cash balance and prospects of robust growth, long-term investors can skip the share buyback, recommends A K Prabhakar.

The board of directors of BSE Ltd on Thursday approved a share buyback of up to Rs 375 crore via tender route at Rs 816 per share.

"The resultant equity shares to be bought back at the buyback offer price are 4,593,137 equity shares, representing 3.39 per cent of the total number of equity Shares in the total paid-up capital," BSE said.

The company has not announced the record date for the buyback programme.

This will be the third share repurchase by BSE, which is India's only listed equity bourse, since its listing in January 2017. READ MORE