IT major Infosys‘ largest-ever share buyback programme worth Rs 18,000 crore is set to open for subscription on Thursday, and will close on November 26, according to a regulatory filing, PTI reported.The company plans to buy back 10 crore fully paid-up equity shares of a face value of Rs 5 each, representing up to 2.41 … Read more
Key points related to the buyback are – 4,00,000 equity shares, representing 1.41% of the total shares would be bought back at Rs 10,000/ share i.e, Rs 4,000 crore of total consideration (excluding the associated costs and fees). Company may later decide to increase the buyback price without increasing the total consideration amount of Rs … Read more
The Income Tax Appellate Tribunal – Chennai bench on Wednesday ordered that a Rs 19,000-crore share buyback undertaken by technology major Cognizant in 2017-18 attracts dividend distribution tax of Rs 4,853 crore. The ITAT‘s ruling dismissed an appeal filed by Cognizant. Cognizant conducted a share buyback through a scheme approved by the Madras high court … Read more
Reliance Industries (RIL) has announced that it’s subsidiary Reliance Retail (RRL) has approved a proposal to buyback and reduce it’s equity share capital to the extent held by the shareholders other than it’s promoter and holding company, Reliance Retail Ventures Limited (RRVL). RIL holds 85.06% of RRVL, which in turn holds 99.93% of RRL RRL … Read more
Key buyback details – upto 1.10% of total equity shares are being sought in the buy back Buy back price is fixed at Rs 900/ share which is 35% premium over the previous day’s closing price Rs 28.8 cr is expected to be spent on buyback (excluding statutory charges) Record date has been fixed at … Read more
Ajanta Pharma has announced buyback once more. This is 4th year in a row, previous 3 details can be checked here. Current buyback details are – 22,10,500 shares constituting 1.73% of the outstanding capital Buyback price is Rs 1,425/ share which is at 17% premium to the current market price Rs 315 cr will be … Read more
The board of markets regulator Sebi on Tuesday agreed to change the buyback process to make it more investor-friendly, and introduced a new category of brokers with enhanced risk-mitigating measures. Sebi will also introduce a new platform to invest in direct plans of mutual funds. It changed rules that would enhance the board & governance … Read more
Paytm has announced buyback totalling maximum of Rs 850 crore @ maximum price of Rs 810/ share. Buyback price is at 57% premium to the closing price on December 13, 2022 (before the announcement); It will be an open market buyback; Will be executed over a maximum period of 6 months; Company’s directors and Key … Read more
TCS has informed that it would be considering buyback of it’s shares on January 12, 2021 along with the 3rd quarter results. Key points to note – Other than the general intimation that the board will consider buyback on January 12th, the Company has not provided any further details. This is the 4th buyback that … Read more