The upcoming share buybacks in 2024 feature prominent companies including KDDL Ltd 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) |
KDDL Ltd | N/A | N/A | Tender Offer | 3700 | 0.02 |
Arex Industries Limited | N/A | N/A | Tender Offer | 195 | 0.04 |
Vls Finance Limited | N/A | N/A | Tender Offer | 380 | 0.33 |
Mayur Uniquoters Limited | N/A | N/A | Tender Offer | 800 | 0.05 |
Symphony Limited | N/A | N/A | Tender Offer | 2500 | 0.03 |
Aia Engineering Limited | N/A | N/A | Tender Offer | 5000 | 0.1 |
Chaman Lal Setia Exports Limited | N/A | N/A | Tender Offer | 300 | 0.2 |
Dhanuka Agritech Limited | N/A | N/A | Tender Offer | 2000 | 0.05 |
Savita Oil Technologies Limited | N/A | N/A | Tender Offer | 675 | 0.05 |
CERA Sanitaryware Limited | N/A | N/A | Tender Offer | 12000 | 0.01 |
TTK Prestige Limited | N/A | N/A | Tender Offer | 1200 | 0.17 |
Navneet Education Limited | N/A | N/A | Tender Offer | 200 | 0.5 |
Welspun Living Limited | Aug 09, 2024 | Aug 16, 2024 | Tender Offer | 220 | 1.27 |
Indus Towers Limited | N/A | N/A | 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 Ltd | Jul 05, 2024 | Jul 11, 2024 | Tender Offer | 290 | 0.57 |
Godawari Power & Ispat Ltd | 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 Ltd | 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
KDDL Ltd
KDDL Ltd is a prominent player in the precision engineering and manufacturing sector, specializing in high-quality watch components and precision-stamped products. With a strong market presence and a commitment to excellence, KDDL has established itself as a leader in its field, catering to both domestic and international markets.
Arex Industries Limited
Arex Industries Limited is a leading manufacturer specializing in high-quality industrial textiles and components. With a commitment to innovation and excellence, Arex Industries has established itself as a reliable partner in the textile industry, catering to a diverse range of sectors with its advanced products and solutions.
VLS Finance Limited
VLS Finance Limited is a leading financial services company in India, offering investment banking, portfolio management, and financial advisory services. With a strong presence in capital markets, the company is known for delivering innovative financial solutions and helping clients achieve their investment goals.
Mayur Uniquoters Limited
Mayur Uniquoters Limited is a leading manufacturer of synthetic leather, catering to industries such as automotive, footwear, and fashion. The company exports its products to over 50 countries, positioning itself as a trusted supplier for global brands.
Symphony Limited
Symphony Limited is a global leader in air-cooling solutions, renowned for its innovative and energy-efficient products. With a strong focus on sustainability and customer satisfaction, Symphony Limited has transformed the cooling industry by offering state-of-the-art air coolers that cater to both residential and industrial needs worldwide.
AIA Engineering Limited
AIA Engineering Limited is a premier manufacturer of high chrome grinding media and wear-resistant castings. Serving the cement, mining, and thermal power industries, AIA Engineering is dedicated to delivering superior quality and performance through its technologically advanced products, ensuring optimal efficiency and longevity for its clients’ operations.
Chaman Lal Setia Exports Limited
Chaman Lal Setia Exports Limited is a prominent exporter of premium quality basmati rice. With a rich legacy and commitment to excellence, the company has garnered a reputation for delivering authentic and superior rice varieties to global markets, ensuring that the rich taste and tradition of Indian basmati rice reach homes around the world.
Dhanuka Agritech Limited
Dhanuka Agritech Limited is a leading name in the agrochemical industry in India, offering a diverse range of crop protection solutions. With a focus on innovation and sustainability, Dhanuka Agritech provides high-quality products that help farmers enhance crop productivity and protect their yields from pests and diseases.
Savita Oil Technologies Limited
Savita Oil Technologies Limited is a pioneer in the production of petroleum specialties and industrial lubricants. Known for its technological expertise and quality products, Savita Oil serves a wide range of industries, including automotive, industrial, and consumer markets, both in India and globally.
CERA Sanitaryware Limited
CERA Sanitaryware Limited is a key player in the Indian sanitaryware industry, known for its high-quality products and innovative designs. The company is a preferred choice for both residential and commercial projects across India.
TTK Prestige Limited
TTK Prestige Limited is a renowned brand in the kitchen appliances sector, offering a wide array of innovative and high-quality products. From pressure cookers to kitchen gadgets, Ttk Prestige is synonymous with trust and reliability, making it a household name in India and beyond.
Navneet Education Limited
Navneet Education Limited is a leading provider of educational content and stationery products in India. With a strong focus on quality and innovation, Navneet offers a comprehensive range of textbooks, guides, and stationery, supporting the educational needs of students and educators across the country.
Indus Towers Limited
Indus Towers Limited is the largest telecom tower company in India, providing critical infrastructure for the country’s telecommunications industry. With a vast network of towers and a commitment to operational excellence, Indus Towers plays a key role in supporting India’s digital connectivity and communication needs.
Welspun Living Limited
Welspun Living Limited is a leading player in the home textiles sector, offering a diverse range of innovative and high-quality products. From bed linens to bath towels, Welspun Living is known for its commitment to quality and customer satisfaction, serving both domestic and international markets.
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.
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.