3 companies to consider share buyback today; six cos get nod in a month

The board of directors of three companies, Aarti Drugs, SJVN and Unichem Laboratories will meet today to consider share buyback.

The board of directors of six companies – Orbit Exports, Pidilite Industries, eClerx Services, Aarti Industries, Lovable Lingerie and Gandhi Special Tubes – approved buyback plans aggregating nearly Rs 958 crore in the past one month.

Most of these companies announced buyback through the tender route, under which repurchases were executed using a fixed price tender offer. While a share buyback does not impact a company’s business, there is a financial impact to the extent that the cash