Share Buyback means company buys their own shares from the market when they want to reduce their number of shares available in open market. There might be multiple reasons company offer buyback schemes. The company buyback reasons includes:
1. They want to reduce number of shares in open market.
2. Company feels that the share price is undervalued.
3. To improve Company's Shareholder values.
4. To Boost share price in open market.
5. Company has Additional Cash in Hand.
To be a part of buyback shareholder might be presented with a tender offer when he or she need to submit all or a portion of the shares within given time frame. Companies repurchase the shares from open market and over the time frame at a certain times or with regular intervals. Company buyback shares with cash in hand or can fund buyback by taking debt as well.
Checkout latest share buyback in 2018 with buyback price and record date. L&T buyback of 9000 crore announced in August 2018 with other companies buyback like HCL Tech buyback of 4000 crore and TCS buyback of 16000 crore.
1. They want to reduce number of shares in open market.
2. Company feels that the share price is undervalued.
3. To improve Company's Shareholder values.
4. To Boost share price in open market.
5. Company has Additional Cash in Hand.
To be a part of buyback shareholder might be presented with a tender offer when he or she need to submit all or a portion of the shares within given time frame. Companies repurchase the shares from open market and over the time frame at a certain times or with regular intervals. Company buyback shares with cash in hand or can fund buyback by taking debt as well.
Checkout latest share buyback in 2018 with buyback price and record date. L&T buyback of 9000 crore announced in August 2018 with other companies buyback like HCL Tech buyback of 4000 crore and TCS buyback of 16000 crore.
| Company | Buyback Price | Meeting Date | Record Date |
| L&T Limited | 1500 | 23 Aug 18 | - |
| Navneet Edu. | 160 | 20 Aug 18 | 31 Aug 18 |
| ICRA Ltd | 3800 | 09 Aug 18 | - |
| Mphasis | 1350 | 07 Aug 18 | - |
| Thyrocare | 730 | 04 Aug 18 | - |
| Music Broadcast | 385 | 24 Jul 18 | - |
| Just Dial | 800 | 21 Jul 18 | - |
| HCL Tech | 1100 | 12 Jul 18 | 31 Aug 18 |
| DCM Shriram | 450 | 18 Jun 18 | 04 Jul 18 |
| TCS | 2100 | 12 Jun 18 | 18 Aug 18 |
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