Page 4 - Share Buybacks

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?

Paytm's share buyback plan draws skepticism over growth prospects

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

Paytm surges 7% on share buyback plan; board to meet on Dec 13

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.

Paytm announces board to consider share buyback proposal on December 13

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

Bajaj Consumer up 5% as board to consider share buyback proposal on Friday

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

Cosmo First soars 17% in 2 days on company's share buyback plan

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

Market regulator Sebi proposing to revamp the share buyback process

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

Sugar stocks in focus; Balrampur Chini gains 3% as share buyback commences

The board of directors of Balrampur Chini on November 9 had approved Rs 145.44 crore share buyback at Rs 360 per share through the open market route.

Infosys to take shareholders' nod for Rs 9,300-crore share buyback

Infosys will seek shareholders' nod for its proposed Rs 9,300 crore share buyback between November 3 to December 2 through postal ballot, the company said in a regulatory filing. The Infosys board on October 13 had announced a share buyback of Rs 9,300 crore via the open market route, for a price not exceeding Rs 1,850 per equity share. "...the Company is required to obtain the approval of its Members for the Buyback by way of a special resolution through Postal Ballot or at a general meeting by providing the facility to Members to vote by electronic means. Accordingly, the Company seeks your approval for the Buyback through this Postal Ballot Notice," the filing said. The board decided to return approximately 85 per cent of the free cash flow cumulatively over a five-year period through a combination of semi-annual dividends, share buyback, special dividends etc. "The Company has engaged the services of NSDL for the purpose of providing e-voting facility to all its members. The ..

Infosys Q2 net profit rises 11%, announces Rs 9,300-cr share buyback

The company's consolidated revenue from operations rose 23% to Rs 36,538 crore in Q2FY23; floor price for share buyback set at Rs 1,850 per share

Bajaj Auto buys back 6.4 mn shares worth Rs 2,499.97 cr at Rs 4,600 apiece

Bajaj Auto Ltd on Monday said it has bought back over 64 lakh shares from public shareholders for Rs 2,499.97 crore under its share buyback exercise. The company, which had commenced the share buyback on July 4, 2022, said its Buyback Committee at its meeting held on Monday approved the completion and closure of the exercise from October 10, 2022. In a regulatory filing, Bajaj Auto said it has bought back 64,09,662 equity shares, utilising an aggregate amount of Rs 2,499.97 crore. The total amount earmarked for the purpose was up to Rs 2,500 crore. The company's board at its meeting held on June 27, 2022 had approved the proposal for buyback of the fully paid up equity shares of face value of Rs 10 each from existing shareholders except promoters, promoter group and persons in control of the company from open market at a price not exceeding Rs 4,600 per share. After the completion of the buyback exercise, Bajaj Auto said shareholding of promoters and promoter groups has increased

Quick Heal zooms 20% as board to consider share buyback on July 21

In 2019 and 2021, Quick Heal had bought back 6.33 million equity shares each via tender offer.

India Inc's FY22 shareholder payout higher than biz reinvestment

FY22 was the second consecutive year when shareholder payout exceeded annual investment in fixed assets

Bajaj Auto starts share buyback worth Rs 2,500 crore at Rs 4,600 per share

In a regulatory filing, the Pune-based company said the buyback initiative has begun with effect from July 4

Bajaj Auto slips 2% as share buyback fails to cheer investors

The company intends to buy back 5.43 million shares, aggregating up to 1.88 per cent of its paid-up share capital via the open market at Rs 4,600 per share.

Bajaj Auto to buy back shares worth Rs 2,500 crore at Rs 4,600 each

Two-wheeler giant Bajaj Auto to take back 5.43 mn shares at Rs 4,600 a piece

For Bajaj Auto, share buyback worth up to Rs 2,500 crore spurs optimism

Fall in raw material prices, low base, and normal monsoon are other positives

India Inc's capital expenditure slows despite jump in net profits

Investment in fixed assets up just 2.3% in FY22 despite 63.5% growth in earnings

Zydus Lifesciences' Rs 750 cr-share buyback open between June 23-July 6

The drug firm, earlier known as Cadila Healthcare, has fixed July 15, 2022 as the last date for the settlement of bids on stock exchanges which may even happen early, as per a regulatory filing.

Bajaj Auto gains 2% in a weak market as board to mull buyback on June 14

The board of directors of Bajaj Auto is scheduled to meet on Tuesday, 14 June 2022, to consider a proposal for buyback of fully paid-up equity shares of the company