The upcoming share buybacks in 2024 feature prominent companies including KDDL Limited and Aurobindo Pharma Limited. These buybacks offer shareholders an opportunity to sell their shares back to the company at attractive prices, potentially benefiting from immediate gains and improved financial ratios.
What Is Buyback Of Shares?
A share buyback involves a company purchasing its own stock from the market, using its available cash reserves. This reduces the total number of outstanding shares, potentially raising the value of remaining shares and improving financial metrics.
List Of Buyback Of Shares In India 2024
Here is a table showcasing the list of share buybacks:
Company Name | Issue Open | Issue Close | Buyback Type | BuyBack price (Per Share) | Issue Size – Shares (Cr) |
Matrimony.com Limited | N/A | N/A | Tender Offer | 1025 | 72.00 |
Insecticides (India) Limited | Sep 11, 2024 | Sep 18, 2024 | Tender Offer | 1000 | 0.05 |
Jai Corp Limited | Sep 13, 2024 | Sep 20, 2024 | Tender Offer | 400 | 117.78 |
Arex Industries Limited | Sep 12, 2024 | Sep 19, 2024 | Tender Offer | 195 | 0.04 |
Ladderup Finance Limited | Sep 11, 2024 | Sep 18, 2024 | Tender Offer | 44 | 0.25 |
Weizmann Limited | Sep 5, 2024 | Sep 11, 2024 | Tender Offer | 160 | 0.04 |
Indian Toners & Developers Limited | Sep 5, 2024 | Sep 11, 2024 | Tender Offer | 450 | 0.05 |
Aarti Drugs Limited | Sep 11, 2024 | Sep 18, 2024 | Tender Offer | 900 | 0.07 |
Transport Corporation Of India Limited | Sep 10, 2024 | Sep 17, 2024 | Tender Offer | 1200 | 0.13 |
Nucleus Software Exports Limited | Sep 09, 2024 | Sep 13, 2024 | Tender Offer | 1615 | 0.04 |
KDDL Ltd | Sep 2, 2024 | Sep 6, 2024 | Tender Offer | 3700 | 0.02 |
Technocraft Industries (india) Limited | Sep 2, 2024 | Sep 6, 2024 | Tender Offer | 4500 | 0.03 |
Suprajit Engineering Limited | Sep 2, 2024 | Sep 6, 2024 | Tender Offer | 750 | 0.15 |
Vls Finance Limited | Aug 30, 2024 | Sep 5, 2024 | Tender Offer | 380 | 0.33 |
Mayur Uniquoters Limited | Aug 29, 2024 | Sep 4, 2024 | Tender Offer | 800 | 0.05 |
Symphony Limited | Aug 27, 2024 | Sep 02, 2024 | Tender Offer | 2500 | 0.03 |
TTK Prestige Limited | Aug 21, 2024 | Aug 27, 2024 | Tender Offer | 200 | 0.17 |
Navneet Education Limited | Aug 20, 2024 | Aug 26, 2024 | Tender Offer | 200 | 0.5 |
Aia Engineering Limited | Aug 26, 2024 | Aug 30, 2024 | Tender Offer | 5000 | 0.1 |
Chaman Lal Setia Exports Limited | Aug 23, 2024 | Aug 29, 2024 | Tender Offer | 300 | 0.2 |
Dhanuka Agritech Limited | Aug 22, 2024 | Aug 28, 2024 | Tender Offer | 2000 | 0.05 |
Savita Oil Technologies Limited | Aug 22, 2024 | Aug 28, 2024 | Tender Offer | 675 | 0.05 |
CERA Sanitaryware Limited | Aug 22, 2024 | Aug 28, 2024 | Tender Offer | 12000 | 0.01 |
Welspun Living Limited | Aug 09, 2024 | Aug 16, 2024 | Tender Offer | 220 | 1.27 |
Indus Towers Limited | Aug 14, 2024 | Aug 21, 2024 | Tender Offer | 465 | 5.68 |
Aurobindo Pharma Limited | Aug 5, 2024 | Aug 9, 2024 | Tender Offer | 1460 | 0.51 |
eClerx Services | Jul 09, 2024 | Jul 15, 2024 | Tender Offer | 2800 | 0.14 |
Bajaj Consumer Care Limited | Jul 05, 2024 | Jul 11, 2024 | Tender Offer | 290 | 0.57 |
Godawari Power & Ispat Limited | Jul 04, 2024 | Jul 10, 2024 | Tender Offer | 2770 | 0.1 |
Cheviot Company Limited | Jun 20, 2024 | Jun 26, 2024 | Tender Offer | 1800 | 0.02 |
Sharda Motor Industries Limited | Jun 11, 2024 | Jun 18, 2024 | Tender Offer | 1800 | 0.1 |
Anand Rathi Wealth Limited | Jun 07, 2024 | Jun 13, 2024 | Tender Offer | 4450 | 0.04 |
Introduction of Buyback Of Shares
Matrimony.com Limited
Matrimony.com Limited provides online matchmaking services via web portals, mobile platforms, and an on-the-ground network in India. It also offers wedding-related services, including WeddingBazaar, MatrimonyMandap, and photography, with revenue from memberships, matrimonial services, and online advertising.
Insecticides (India) Limited
Insecticides India Limited (IILTD) specializes in the production and distribution of crop protection solutions and household pesticide formulations. Their extensive product lineup features over 80 varieties, including insecticides, fungicides, weed killers, herbicides, and plant growth regulators for various crops, along with household pesticides.
Jai Corp Limited
Jai Corp Limited is a diversified company engaged in various sectors including steel, plastic processing, and real estate. The company has a strong presence in infrastructure development and manufacturing, contributing to India’s industrial growth.
Arex Industries Limited
Arex Industries Limited specializes in manufacturing high-quality woven labels and badges, catering to the garment and textile industry. The company is recognized for its commitment to innovation and delivering superior products to its clients.
Ladderup Finance Limited
Ladderup Finance Limited offers financial services, including investment banking, wealth management, and advisory services. The company is dedicated to helping clients achieve their financial goals with tailored solutions and expert guidance.
Aarti Drugs Limited
Aarti Drugs Limited is a prominent pharmaceutical company engaged in the production of active pharmaceutical ingredients (APIs) and specialty chemicals. The company is committed to maintaining high standards of quality and innovation in healthcare.
How Does The Buyback Of Shares Work?
A share buyback involves a company purchasing its own stock from the market, using its available cash reserves. This reduces the total number of outstanding shares, potentially raising the value of remaining shares and improving financial metrics.
Buyback Of Shares – FAQs
A buyback of shares is a corporate action where a company purchases its own outstanding shares from the marketplace, reducing the number of shares available and potentially increasing the value of remaining shares.
The main benefits of share buybacks include enhancing shareholder value by increasing earnings per share, improving financial ratios, supporting stock prices, and signaling robust company health.They offer a tax-efficient method to return funds to shareholders compared to dividends.
In India, share buybacks are conducted under SEBI guidelines, either through the open market or a tender offer. Companies allocate funds to repurchase shares, aiming to reduce the outstanding share count and potentially increase the stock value.
After a share buyback, the share price may increase due to the reduced supply of shares and the perception of corporate confidence. However, the actual impact can vary based on market conditions and investor sentiment.
The main disadvantage of share buybacks is that they utilize cash reserves that could be invested in business growth or innovation. Additionally, they can artificially inflate share prices, misleading about a company’s true financial state, and may prioritize immediate shareholder returns over long-term strategic investments.