Share Buybacks

Tencent makes largest share buyback in 20 years after US blacklisting

Chinese tech giant Tencent has denied allegations of being a Chinese military company or a military-civil fusion contributor, as claimed by the US Department of Defense

Dividend, Bonus, Buyback: Vedanta among 9 stocks to turn ex-date today

Here is the list of stocks that will trade ex-dividend today for the purpose of dividend, rights issue, bonus issue, and share buyback

11 companies buyback Rs 5,388-crore shares in August, highest in 14 months

Share buyback tax: A sharp rise (in share buyback quantum), analysts said, can be attributed to the significant changes in India's share buyback tax regime, which will come into effect from October 1

Suprajit Engg stock zooms 19% after board okays buyback at Rs 750 per share

The company's board announced a share buyback of up to 1.5 million shares at price of Rs 750 per share via tender offer.

Share buybacks surge as firms brace for new tax rules starting October 1

Starting October, under the revised budget provisions, taxes on share buybacks will be levied on the shareholders receiving the proceeds, according to their respective tax slabs

This smallcap stock has rallied 42% in 3 days; zoomed 106% since April

Symphony hit an over six-year high at Rs 1,748, as it rallied 17% in intra-day trade, extending its previous two-day surge after the company announced buyback at Rs 2,500 per share.

Symphony shares hit 20% upper circuit on strong Q1 results, buyback plan

The uptick in the stock price came after the company posted a strong set of numbers in the June quarter. The board also announced a dividend and share buyback, which further fuelled the stock rally.

India Inc braces for share buyback rush ahead of changes to tax rules

At least 11 firms, including Indus Towers Ltd., have or are set to approve share buybacks shortly after the new regime was proposed in the budget on July 23

Capital gains tax changes may impact investment behaviour: Rashesh Shah

Buyback and tax-free dividend had a gap and an equalisation was needed. Volumes in F&O trading had gone up rapidly and, in a way, the increase in STT on F&O will protect investor interest, he said

Aurobindo stock at new high, up 5% as board to consider buyback on July 18

In the past one year, the stock has zoomed 89 per cent, as compared to 21 per cent rally in the BSE Sensex.

This smallcap iron & steel firm plans share buyback; stock up 187% in 1 yr

The board of directors of Godawari Power & Ispat are scheduled to meet on Saturday, June 15, 2024 to consider and approve a proposal for buyback of equity shares.

Small-cap firm Cheviot to buyback shares worth Rs 31.5 cr at Rs 1,800/ sh

Cheviot buyback news: Shares of Cheviot Co declined 5.3 per cent to Rs 1,476 apiece on the BSE on Friday

Buybacks and their importance

Paying money back to shareholders does not mean that you have no growth. It may simply mean that you do not need all the capital you generate for your core business

Godrej Agrovet buys 7.37 lakh shares in Godrej Cattle Genetics for Rs 25 cr

Godrej Agrovet has bought 7.37 lakh shares in its subsidiary Godrej Cattle Genetics for Rs 25 crore through the rights issue. Godrej Cattle Genetics Pvt Ltd (GCGPL), the wholly-owned subsidiary of Godrej Agrovert, is engaged in agri-business and its principal business activities includes dairy farming and developing high-breed cattle and cattle embryo. In a regulatory filing on Thursday, the company informed that it has been allotted 7,37,463 fresh equity shares of GCGPL at a face value of Rs 10 per share. "The company has made additional investment aggregating up to Rs 25 crore in the equity share capital of GCGPL by way of subscription to the rights issue," the filing said. Godrej Agrovet had 100 per cent equity in GCGPL. Post acquisition of fresh equity shares, GCGPL will continue to be a wholly-owned subsidiary.

Investor desire for buybacks, dividends highest in 9 years: BofA Securities

40 per cent of respondents surveyed by BofA (62 per cent in December 2023) now expect bond yields across the globe to head lower in the next 12 months

Dwarikesh Sugar hits 5% upper limit as board to mull share buyback

The counter has seen heavy volumes of around 4.06 lakh shares as against the two-week average volume of around 1.46 lakh shares on the BSE.

Bajaj Auto hits new peak, gains 4% in weak market on healthy Q3 results

The two-wheeler major reported its highest-ever quarter revenue at Rs 12,114 crore and EBITDA at Rs 2,430 crore for the quarter ended December 2023.

Bajaj Auto to consider share buyback in board meeting on January 8

Earlier this month, Bajaj Auto reported a 16 per cent rise in total sales at 3,26,806 units in December 2023

Bajaj Auto rallies 6%, hits new high as board to mull buyback on January 8

With today's gain, the market price of Bajaj Auto has zoomed 96 per cent in the past one year, as against nearly 17 per cent surge in the S&P BSE Sensex

TCS hits 52-week high; extends rally post closure of share buyback

The stock was quoting higher for the eight straight trading session and rallied 6 per cent thus far in December.