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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 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 NameIssue OpenIssue CloseBuyback TypeBuyBack price (Per Share)Issue Size – Shares (Cr)
KDDL LtdN/AN/ATender Offer37000.02
Arex Industries LimitedN/AN/ATender Offer1950.04
Vls Finance LimitedN/AN/ATender Offer3800.33
Mayur Uniquoters LimitedN/AN/ATender Offer8000.05
Symphony LimitedN/AN/ATender Offer25000.03
Aia Engineering LimitedN/AN/ATender Offer50000.1
Chaman Lal Setia Exports LimitedN/AN/ATender Offer3000.2
Dhanuka Agritech LimitedN/AN/ATender Offer20000.05
Savita Oil Technologies LimitedN/AN/ATender Offer6750.05
CERA Sanitaryware LimitedN/AN/ATender Offer120000.01
TTK Prestige LimitedN/AN/ATender Offer12000.17
Navneet Education LimitedN/AN/ATender Offer2000.5
Welspun Living LimitedAug 09, 2024Aug 16, 2024Tender Offer2201.27
Indus Towers LimitedN/AN/ATender Offer4655.68
Aurobindo Pharma LimitedAug 5, 2024Aug 9, 2024Tender Offer14600.51
eClerx ServicesJul 09, 2024Jul 15, 2024Tender Offer28000.14
Bajaj Consumer Care LtdJul 05, 2024Jul 11, 2024Tender Offer2900.57
Godawari Power & Ispat LtdJul 04, 2024Jul 10, 2024Tender Offer27700.1
Cheviot Company LimitedJun 20, 2024Jun 26, 2024Tender Offer18000.02
Sharda Motor Industries LtdJun 11, 2024Jun 18, 2024Tender Offer18000.1
Anand Rathi Wealth LimitedJun 07, 2024Jun 13, 2024Tender Offer44500.04

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.

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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