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SEBI has proposed a 66-working-day cap on open market buybacks, a freeze on promoter share sales during buyback periods, and optional merchant banker appointments. The rules aim to close conflict-of-interest gaps and add timeline discipline to India's most-used share repurchase route.
SEBI has proposed sweeping changes to share buyback rules, including removing the mandatory merchant banker requirement and tightening safeguards around minimum public shareholding norms.
Bajaj Auto announced a Rs 5,633-crore share buyback, its largest ever, offering to repurchase up to 46.94 lakh shares at Rs 12,000 each, a 16% premium to the last closing price. The buyback covers 1.68% of paid-up equity capital and signals strong cash reserves.
Forum Markets shares jumped 19% after its board revived a share buyback program and launched a strategic review. The dual announcement signals active pressure to unlock shareholder value, with buybacks mechanically supporting EPS and the review opening the door to asset sales or M&A.
Windlas Biotech approved a Rs 47 crore share buyback at Rs 1,000 per share via tender route, with April 24 set as the record date. The buyback covers 2.23% of equity and is open exclusively to public shareholders, with promoters excluded. Shares rose approximately 2% on the announcement.
Elliott Investment Management is pushing Daikin Industries, the world's largest air conditioning maker, to launch a major share buyback, arguing the company holds excess capital that depresses its valuation. The campaign reflects broader activist pressure on Japanese corporates following Tokyo Stock Exchange reforms ta
Wipro has announced a Rs 15,000 crore share buyback at a 19% premium to market price, its first such program in over five years. The move signals a significant return of capital to shareholders and is likely to lift earnings per share by reducing shares outstanding.
Wipro shares traded higher ahead of a board meeting to approve Q4 standalone and consolidated earnings, alongside potential dividend and buyback decisions. The triple-catalyst event compresses typical disclosure cycles, heightening price sensitivity around the post-market announcement.
Tag
SEBI has proposed a 66-working-day cap on open market buybacks, a freeze on promoter share sales during buyback periods, and optional merchant banker appointments. The rules aim to close conflict-of-interest gaps and add timeline discipline to India's most-used share repurchase route.
1mo ago · 3 min · Policy & Government
SEBI has proposed sweeping changes to share buyback rules, including removing the mandatory merchant banker requirement and tightening safeguards around minimum public shareholding norms.
1mo ago · 3 min · Policy & Government
Bajaj Auto announced a Rs 5,633-crore share buyback, its largest ever, offering to repurchase up to 46.94 lakh shares at Rs 12,000 each, a 16% premium to the last closing price. The buyback covers 1.68% of paid-up equity capital and signals strong cash reserves.
1mo ago · 2 min · Markets
Forum Markets shares jumped 19% after its board revived a share buyback program and launched a strategic review. The dual announcement signals active pressure to unlock shareholder value, with buybacks mechanically supporting EPS and the review opening the door to asset sales or M&A.
2mo ago · 1 min · Markets
Windlas Biotech approved a Rs 47 crore share buyback at Rs 1,000 per share via tender route, with April 24 set as the record date. The buyback covers 2.23% of equity and is open exclusively to public shareholders, with promoters excluded. Shares rose approximately 2% on the announcement.
2mo ago · 1 min · Markets
Elliott Investment Management is pushing Daikin Industries, the world's largest air conditioning maker, to launch a major share buyback, arguing the company holds excess capital that depresses its valuation. The campaign reflects broader activist pressure on Japanese corporates following Tokyo Stock Exchange reforms ta
2mo ago · 1 min · Business
Wipro has announced a Rs 15,000 crore share buyback at a 19% premium to market price, its first such program in over five years. The move signals a significant return of capital to shareholders and is likely to lift earnings per share by reducing shares outstanding.
2mo ago · 1 min · Business
Wipro shares traded higher ahead of a board meeting to approve Q4 standalone and consolidated earnings, alongside potential dividend and buyback decisions. The triple-catalyst event compresses typical disclosure cycles, heightening price sensitivity around the post-market announcement.
2mo ago · 1 min · Markets
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