Page 9 - Share Buybacks

Wipro to consider share buyback proposal, decision on 13 Oct board meeting

Wipro is the second mega Indian IT services firm to consider a buyback programme after market leader TCS

TCS makes buyback buzz but other Indian IT firms unlikely to follow suit

Buyback tax provision and steep valuations may deter companies still playing safe in the coronavirus pandemic, say analysts

TCS, Infosys, MindTree: How to trade IT stocks ahead of Q2 earnings

TCS rallied 5 per cent to hit a record high of Rs 2,650 on the NSE after the company said it will consider a buyback on Wednesday, October 7.

Tata Consultancy Services to consider share buyback on Wednesday

TCS will be considering a buyback of shares of the company at a board meeting to be held on October 7

Sun Pharma closes share buyback offer period; stock jumps 5%

The drug major is looking to expand its specialty business across different regions like Greater China and Japan after having established presence in the US market

RITES Ltd announces share buyback worth Rs 257 cr at Rs 265 per share

The board of directors at RITES Ltd has approved buy-back of 9.69 million equity shares with a face value of Rs 10 each at Rs 265 per share

RITES announces buyback of 9.6 million shares worth up to Rs 257 crore

Transport Infrastructure Consultancy and Engineering firm RITES Ltd on Friday said its board has approved buyback of 9.6 million shares with repurchase amount not exceeding Rs 257 crore

SoftBank spent $3.8 billion to buy back 63.2 million shares in July, August

The latest purchases bring the total spent on buybacks since March to $9.5 billion

Investors with physical securities can tender shares in buybacks: Sebi

The clarification came after Sebi received representations from investors, expressing concerns that they have not been able to participate in open offers, buybacks

Sebi extends relaxation in procedural norms for open, buyback offers

The regulator, in May, had granted one-time relaxations from strict enforcement of SAST Regulations and norms for buyback of securities through open and buyback tender offers

eClerx Services' board approves up to Rs 109.5-crore buyback offer

Knowledge Process Outsourcing (KPO) services provider eClerx Services on Monday said its board has approved a buyback programme worth up to Rs 109.5 crore

Eclerx surges 11% as board to consider share buyback proposal today

ICICI Securities believe the company has potential to do a buyback in the range of Rs 200-250 crore, which is around 10- 15 per cent of the company's market cap

SoftBank spent $570 mn to buy back shares in May under repurchase programme

The buyback programme has caused jitters at credit rating agencies, with S&P Global Ratings saying on Thursday it puts SoftBank's financial rigour in question

Covid-19 crisis: Govt wants PSUs to ramp up dividends, share buybacks

With Covid-19 set to hit FY21 revenue mop-up, Centre looks for options

Just Dial zooms 10% as board to consider share buyback proposal

The board of directors of the company will meet on Thursday, April 30, 2020 to consider and approve the proposal for buy-back of fully paid up equity shares of the Company.

Coronavirus: Promoters of mid-tier IT firms increase stake as shares crash

Bengaluru-headquartered IT firm Mindtree witnessed its promoter L&T Group buying 0.4 per cent stake in the company through open market operations for around Rs 58 crore during this period.

Tata, Bajaj among 277 promoters that hiked stake in group firms in March

Among the lot, the highest quantum of promoter buying was seen in Tata Group companies that includes Tata Chemicals, Tata Steel, Indian Hotels, Tata Motors, Tata Power and Tata Consumer

Scrap LTCG, tax on buybacks, dividends: What Street wants amid market gloom

Mohandas Pai, former CEO and board member at Infosys, made a pitch for removing the tax on share buybacks

NIIT Technologies' shareholders approve Rs 337.4 cr buyback programme

The buyback proposal through the tender offer route, aggregated up to Rs 337.46 crore

Share issuance on conversion of restricted stock options allowed: Sebi

Infosys had sought an informal guidance from Sebi on whether the company can allot equity shares upon exercise of vested restricted stock options units after completion of the one year vesting period