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For Rs 25,000 crore aggregate notified amount, the central bank received bids worth Rs 27,256 crore, of which Rs 23,856 crore was accepted.
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China’s most valuable company bought back 3.93 million Hong Kong-listed shares on Tuesday, the most since April 2006, Bloomberg-compiled data show.
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Early investors such as Helion and Eight Roads will sell some shares as part of the buyback.
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The government's plan to buy back the bonds to cap the capital expenditure in the roads and highway segment. The govt is also keen to award projects above Rs 500 cr under the PPP mode as they have proved to be of better quality and are less expensive, compared to govt-funded projects, said an official.
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The buyback has been fixed at a price of Rs 1,615 per equity share
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The last buyback by Nucleus Software was done in 2021 at Rs 700 per share
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These firms include Indus Towers, which announced the largest buyback of the lot at Rs 2,640 crore, followed by AIA Engineering at Rs 500 crore
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Synphony approved a buyback of up to 0.41 percent of the equity at Rs 2,500 per share, amounting not more than Rs 71.40 crore. This buyback price is nearly double that of Monday's closing level.
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L&T expects India's economic growth momentum to continue in the medium term facilitated by both public and private capital investment.
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Earlier, under Section 115QA of the Income Tax Act, a company was liable to pay tax at a flat rate of 23.3 percent on distributed income.
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Analysts predict this change will make buybacks less attractive to investors because of the compliance burden and possibly higher taxes.
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The acquisition cost of these shares will be deemed as capital losses which can be adjusted by the investor in case of any capital gains in the future
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If approved, this will turn out to be Godawari Power's second share buyback in a time span of merely two years. In the previous buyback, the company repurchased shares worth Rs 250 crore.
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The central bank has offered 7.35 percent 2024, 8.40 percent 2024, FRB 2024, and 9.15 percent 2024, securities for the buy back.
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By using the surplus funds strategically, the government can accelerate fiscal consolidation, reduce debt, and build a more resilient and sustainable fiscal position to not only improve fiscal metrics, but also lay the foundation for long-term economic stability and growth.
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The Reserve Bank of India on Friday said it would buy back 400 billion rupees ($4.8 billion) of bonds — all maturing in the current fiscal year ending March — on May 9.
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Ajanta Pharma approved its fourth buyback plan in as many years, offering a premium of 25 percent to stakeholders.
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Though revenue fell 4.3% to $90.8 billion in the March quarter, that was better than the $90.3 billion predicted by analysts. Profit also topped Wall Street projections in the period, and Apple announced the biggest stock buyback in US history.
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The buyback offer will help unlock value and return surplus cash to its shareholders, the music label has said
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This is at a premium of 43 percent to the last closing price.
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A buyback is when a company purchases its own shares in the stock market from existing shareholders. It is the most tax-efficient way to reward shareholders.
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The price per restricted stock unit is in line with an offer it made to current and former U.S. employees in October, according to a Reuters report which said the company was looking to buy at least $300 million worth of stock at $160 per share.
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India’s biggest IT services player’s consolidated revenue for the quarter came in at Rs 59,692 crore. TCS's order wins for Q2 stood at $11.2 billion, which was higher quarter-on-quarter (QoQ). Its EBIT margin for the quarter increased to 24.3 percent compared to 23.2 percent (QoQ). The dollar revenue for the IT major stood at $7,210 million. Sequentially, PAT beat estimates but rupee revenue growth came in below estimates. Listen in to the management commentary.
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The share buyback maximum price was set at Rs 3,200 apiece, which is at 6 percent premium to Thursday’s high
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A higher buyback price is aimed at ensuring higher shareholder participation but given L&T’s robust earnings prospects, will it sail through?
