Upcoming Buyback Of Shares 2024  

In 2024, several prominent companies are offering share buybacks, allowing shareholders to sell shares back at attractive prices. This reduces outstanding shares, potentially increasing the value of remaining shares and improving financial metrics.
Upcoming Buyback Of Shares 2024

The upcoming share buybacks in 2024 feature prominent companies including Anand Rathi Wealth Ltd. and Ajanta Pharma. 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:

CompanyOffer PriceOpen DateClose DateBuyback TypeBuyback Price(per share)Issue Size – Shares (Cr)
KDDL LtdN/AN/AN/ATender Offer37000.02
Aurobindo Pharma LimitedJul 30, 2024N/AN/ATender Offer14600.51
eClerx Services2800.0009 July ‘2415 July ‘24Tender Offer28000.14
Bajaj Consumer Care Ltd290.0009 July ‘2415 July ‘24Tender Offer2900.57
Godawari Power & Ispat Ltd1,400.00Jul 04, 202410 July ‘24Tender Offer27700.1
Cheviot Company Limited1,800.0021 June ‘2427 June ‘24Tender Offer18000.02
Sharda Motor Industries Ltd1,800.0011 June ‘2418 June ‘24Tender Offer18000.1
Anand Rathi Wealth Ltd.4,450.007 June ‘2413 June ’24Tender Offer44500.04

KDDL Ltd

KDDL Ltd is a leading Indian company specializing in precision engineering and manufacturing, particularly in the watch components and luxury packaging sectors. Established in 1981, KDDL has diversified into various industries, delivering high-quality products and solutions across global markets with a strong focus on innovation.

Aurobindo Pharma Limited

Aurobindo Pharma Limited, a leading pharmaceutical company, is renowned for its high-quality generic medicines. With a strong presence globally, it specializes in developing, manufacturing, and marketing a diverse range of pharmaceutical products. Recently, the company announced a buyback of shares, demonstrating its commitment to enhancing shareholder value and maintaining strong financial health.

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 

1. What Do You Mean By Buyback Of Shares?

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.

2. What Are The Benefits Of Share Buybacks?

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.

3. How Does Buyback Of Shares Work In India?

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.

4. What Happens To Share Price After Buyback? 

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.

5. What Are The Disadvantages Of Buyback Of Shares?

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.

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