Share Buyback

The board of the Bengaluru-headquartered company held a meeting on Thursday to consider the proposal

Lenskart IPO: SoftBank, Kedaara and others sell shares at steep discounted valuation of $1 billion to founder Peyush Bansal

Moneycontrol was first to report on July 9 about Bansal’s plans to borrow around Rs 200 crore and fund this share purchase at a valuation of $1 billion, 90% lower than the $10 billion price tag it is aiming for during its IPO later this year

TikTok parent ByteDance valuation rises in latest share buyback, say sources

ByteDance told its US-based employees that it is offering $189.90 per share, the people said. The price marks an increase of 11% from the per share price of $171 in their share buyback program from a year ago and $181 from six months ago

Microsoft approves new $60 billion share buyback program

The tech giant declared a quarterly dividend of $0.83 per share, reflecting an 8 cent, or 10%, increase over the previous quarter.

Matrimony.com shares soar 13.5% on plans to mull buyback

If approved, this will mark the second buyback by Matrimony.com. The company previously executed a buyback of equity shares back in July 2022.

Aarti Drugs share price zooms 10% after board approves share buyback worth up to Rs 60 crore

Aarti Drugs board at its meeting held today approved share buyback of 6.65 lakh shares at a price of Rs 900 per equity share.

Transport Corporation stock tumbles 6% on profit booking; board approves buyback

Transport Corporation of India (TCI) shares slip due to profit booking after reaching an all-time high following its first-ever buyback proposal.

Godawari Power shares hit 52-week high after share buyback announcement

The stock has gained 56 percent in the past 6 months, vastly outperforming Nifty which gained 10 percent during the same period.

Uber unveils $7 billion share buyback after first profitable year

Over the next three years Uber expects gross bookings growth in the mid to high teens percentage and adjusted core profit growth in the high 30s to 40%.

Bajaj Auto board to consider share buyback today

Rajiv Bajaj, CEO, Bajaj Auto said in an interaction with CNBC-TV18 that the buyback is an efficient way to return capital to shareholders.

TCS hits 52-week high on plans to consider share buyback on Oct 11

Brokerage firm Morgan Stanley feels the share buyback plan was already anticipated by the market for the last two quarters and hence doesn't assure outperformance for the stock.

TCS to consider share buyback along with Q2 results, board meeting on Oct 11

TCS share buyback: Tata Consultancy Services' board will consider share buyback next week. Its last share buyback of Rs 18,000 crore concluded in 2022.

L&T's Rs 10,000 cr share buyback commences today, to close on September 25

Larsen & Toubro announced a Rs 10,000 crore share buyback along with its June quarter results in July. The tender offer buyback was supposed to be carried out at a price of Rs 3,000 per share but the company increased the buyback price to Rs 3,200 per share

L&T's Rs 10,000 cr buyback got more lucrative; final buyback price raised to Rs 3,200 apiece

L&T informed the bourses that the final buyback offer price has been arrived at after considering various factors including earnings per share, price-earnings ratio, and impact on the net worth of the company, among others.

L&T CEO says special dividend of Rs 6 being given to honour Chairman A M Naik

The Rs 6 dividend to shareholders is only a token of our affection, esteem and, most importantly, gratitude (towards A M Naik).

L&T buyback: Will it continue to propel the stock higher?

While some brokerages believe there is limited upside as the stock is expensive, others feel the company is well-placed in the long term due to global and domestic growth opportunities.

IndiaMART board approves share buyback of Rs 500 crore

The buyback comes at a time when the Noida-based company saw its net profit jump 77 percent to Rs 83 crore in Q1FY24 from Rs 47 crore in Q1FY23,

L&T to deliberate over share buyback proposal, special dividend on July 25

The company also said if granted, August 2 will serve as the record date to determine the entitlement of the equity shareholders for the said dividend.

Wipro shares tick higher after company announces buyback date

The buyback will open on Thursday, June 22 and close on June 29, Wipro said in a regulatory filing.

Wipro anticipates macro hurdles ahead, keeps lower revenue guidance for Q1

CEO Thierry Delaporte attributed the revenue growth decline in constant currency terms during the quarter to the uncertainty in the market and the resulting slowdown in discretionary spending.

Welspun India to consider share buyback on April 27

The stock exchange filing did not specify the quantum of share buyback and dividend amount Welspun India's board of directors will consider and as part of the proposal.

Godawari Power & Ispat board gives nod to Rs 250 crore share buyback via tender offer route

The buyback price has been fixed as Rs 500 per share, which is 22.2 percent higher than the last closing price.

Decoding the share buyback debate | Warren Buffett calls buyback critics 'economic illiterates'

The Oracle of Omaha, Warren Buffett, has come out in support of share buybacks in a big way. In his annual letter to the shareholder of Berkshire Hathaway, the market veteran called the critics of share buyback "economic illiterates" and "silver-tongued demagogues". But what caused Buffett to defend share buybacks so ferociously? There are some questions on whether share buybacks are good for the economy and if the execution of these buybacks is done in a fair manner. So let’s decode the debate around share buyback and what SEBI is doing to make the process fair for the retail investor.

Ajanta Pharma to consider share buyback on March 10

The move comes a little over a month after the firm reported 29.86 percent YoY drop in net profit at Rs. 134.51 crore in the December quarter of FY23.

Natco Pharma to consider share buyback on March 8, share gains 2.4%

The move comes within weeks of the firm reporting a 22.51 percent year-on-year drop in net profit at Rs. 62.30 crore in the December quarter of FY23