Fundamental Library

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Explanation: Share buyback, or buyback, is when a company purchases its own shares from the open market. In India, this is regulated by SEBI. Companies do this to return extra cash to shareholders, boost remaining shares’ value, or show faith in the company’s future.

During a buyback, the company offers to buy a set number of shares at a specified price, usually higher than the market price. Investors who participate sell their shares back to the company and receive cash in return. Buybacks can impact earnings per share and increase ownership percentage for remaining shareholders.

Investors watch buyback activities as they can indicate a company’s confidence in its financial health and future prospects. However, critics argue that companies should focus on growth or reinvesting in the business rather than buying back shares.

Example: Given below are the share buyback dates of TCS

Ex Date: In the context of share buybacks, the Ex Date refers to the date on or after which shares purchased in the buyback are considered “ex-bought-back” or “ex-tendered.” This means that shareholders who sell their shares on or after the Ex Date will not be entitled to participate in the buyback offer. It marks the beginning of the period during which shareholders can sell their shares without affecting their eligibility for the buyback.

Record Date: The Record Date for a share buyback typically refers to the date on which the company determines the shareholders eligible to participate in the buyback offer. Shareholders who are listed as owners of record on this date are eligible to tender their shares in the buyback program. The Record Date ensures that only shareholders on the company’s books as of that date can participate in the buyback offer.

You can view the Buy Back for any company on Radar in the Corporate Action section.

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