Upcoming Share Buybacks

Get the latest news updates about current and upcoming buyback of shares in 2024. This buyback share list is regularly updated with vetted corporate developments from stock exchanges and SEBI and includes details like record dates, entitlement ratio, and potential profit.

Recent and Upcoming Buybacks (Tender)

Recent and Upcoming Buyback Share List (Open Market)

Read Also: Share Buybacks in India 2023

This buyback share list in 2024 includes all such buybacks which have closed in 2024, even if the event started in 2023.

What is Buyback of Shares?

A share buyback, aka share repurchase, is a financial strategy employed by companies to reduce the number of outstanding shares in the secondary markets i.e. stock markets. It is important to note that nowadays, unlisted startups also engage in share buybacks. Nevertheless, this article is all about buyback of shares in the listed space.

Read Also: Biggest Buybacks In India

Share repurchases are typically accomplished by purchasing shares from existing shareholders, either through the open market or through a tender offer. In simple words, buybacks perform the opposite function of IPOs where a company issues shares to investors.

Stock buybacks are often undertaken when the management feels that the true value of the business is not reflected in the stock price. As such, buybacks act as catalysts to boost stock prices. Investors can participate in share buybacks of fundamentally sound companies and can get handsome returns in relatively short spans of time.

Read Also: What is Single Share Buyback Strategy and How to Benefit from it?

What is the need of stock buybacks? What do companies gain by purchasing their own shares?

There are several reasons why a company might opt to buy back its own shares. Here are the three most important reasons:

1. Improve Financial Ratios – Buybacks enhance the company’s financial performance as the shares purchased are eventually cancelled. This reduces the number of shares outstanding, in turn boosting the company’s earnings per share (EPS). The cascading effect of this event is seen in valuation metrics such as Price/Earnings ratio which are regularly tracked by investors.
2. Enhance Valuations – Share buybacks are often undertaken when the management feels the true value of the business is not reflected in the stock price. A company seen as purchasing its own shares at a premium to market prices is generally viewed in the positive light by investors. As such, buybacks act as catalysts to boost stock prices.
3. Distribution of Excess Cash – Companies also undertake stock buybacks as a measure to distribute excess cash to shareholders. If a company has more cash on hand than it needs to operate its business, it may choose to utilize some of that cash to buy back its own shares. With the introduction of Finance Act 2020 and taxability of dividends in the hands of shareholders, investors have started preferring buybacks given the tax benefits associated with this route.

Investors can participate in current buybacks of fundamentally sound companies and can get handsome returns in a short span of time.

This is a developing page of current buyback news and details like upcoming buyback record date, entitlement ratio and potential profits are updated as more details are made available by the respective companies. Please share your feedback in the comments section and let us know what else you would like us to cover in share buybacks.

Latest Buybacks FAQs