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.
Two-wheeler giant Bajaj Auto to take back 5.43 mn shares at Rs 4,600 a piece
Fall in raw material prices, low base, and normal monsoon are other positives
Investment in fixed assets up just 2.3% in FY22 despite 63.5% growth in earnings
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.
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
The move will be discussed in the meeting of the board of directors on June 14.
The company has prescribed a buyback ratio of 2 shares for 25 equity shares for reserved category whereas 2 shares for 179 equity shares for general category.
The analysis is based on the annual dividend paid/declared by listed Tata group companies every financial year
The board has recommended a buyback of equity shares not exceeding Rs 75 crore at an indicative maximum buyback price not exceeding Rs 1,150 per equity share.
The board will meet on May 12, 2022, to consider the proposal for buyback of equity shares of the company, the quantum, and mode of buyback.
Shares of Gail rose 1.5 per cent to end at Rs 155.7
Close to a million retail investors in TCS tender shares in the just-concluded buyback programme
The board of state gas utility GAIL India Ltd will on March 31 consider the buyback of shares - the second buyback in as many years
Also proposes shortening the share tendering process by five days in the case of both buybacks and open offers
Over 301 million shares tendered in buyback-8.5 times the company intended to repurchase. Attractive buyback price lured investors into tendering their shares, say experts
Acceptance ratio is lower than previous buybacks done by the firm
According to an analysis done by Edelweiss Alternative Research, the acceptance ratio of TCS share buyback for retail investors could be 14.3 per cent
The mega Rs 18,000-crore buyback by IT giant Tata Consultancy Services (TCS) opens today and will run till March 23
Tata Consultancy Services (TCS) on Monday said its Rs 18,000 crore share buyback offer will open on March 9 and close on March 23.