Buyback Offers 2021 With Record Date & Price details -Latest Share Buyback Offers

Buyback of shares or stock buyback refers to the corporate action where a company repurchases its own shares from the existing shareholders. During the buyback of shares, the price of shares is usually higher than the market price. Buyback of shares can be done either through the open market or through tender offer route. Under the open market mechanism, the company can buy back its shares from the secondary marker. On the other hand, during buyback of shares via tender offers, shareholders can submit or tender portions of their shares within a stipulated time. Avail the opportunity to earn premium with buyback of shares. The company buyback reasons include:
  1. They want to reduce the number of shares in the open market.
  2. The company feels that the share price is undervalued.
  3. To improve the Company’s Shareholder values.
  4. To Boost share price in the open market.
  5. The company has Additional Cash in Hand.

To be a part of buyback shareholder might be presented with a tender offer when he or she needs to submit all or a portion of the shares within the given time frame. Companies repurchase the shares from the open market and over the time frame at a certain time or at regular intervals. Company buyback shares with cash in hand or can fund buyback by taking debt as well. Check out the latest share buyback in 2021 with buyback price and record date.

Share Buyback Offers 2021-2022

Company Record Date Buyback Price Buy Back Opening Date Buy Back Closing Date
eClerx Services Buyback NA Rs. 3200 Per Share Update Soon Update Soon
Balrampur Chini Open Market Rs. 410 Per Share 17-Aug-2021 16-Feb-2022
R Systems 27-Aug-2021 Rs. 225 Per Share Update Soon Update Soon
Shriram Pistons and Rings 12-Aug-2021 Rs. 1020 Per Share Update Soon Update Soon
Tanla Platform Open Market Rs. 1260 Per Share 29-July-2021 28-Jan-2022
Gandhi Special Tubes Update Soon Rs. 550 Per Share Update Soon Update Soon
Navneet Education Open Market Rs. 100 Per Share 07-Jun-2021 06-Dec-2021
Infosys Ltd Open Market Rs. 1750 Per Share 25-Jun-2021 24-Dec-202
Welspun India 26-May-2021 Rs. 120 Per Share 22-Jul-2021 05-Jul-2021
Infobeans Technologies 07-May-2021 Rs. 232 Per Share 08-May-2021 21-May-2021
Insecticides (India) Open Market Rs. 575 Per Share 12-Apr-2021 11-Oct-2021
Quick Heal 03-May-2021 Rs.245 Per Share 31-May-2021 11-June-2021
Aarti drugs 01-Apr-2021 Rs. 1000 Per Share 27-Apr-2021 10-May-2021
SIS Limited 09-Apr-2021 Rs. 550 Per Share 12-May-2021 27-May-2021

 

Buyback Offers

 

Who can apply for Buyback offers?

There are different requirements for buyback of stock which vary with residential status:

  • If you fall under the category of Resident Indians and HUFs, you can apply for share buyback if you have registered with HDFC securities Ltd for online trading and investment transactions.
  • If you are a Non-Resident India with PIS NRO account and PIS NRE account, you can bid in individual category for the stock buyback issue in case you have received a tender offer letter from the company or RTA to participate.

Can customer modify the orders?

Yes, customers can modify the buyback orders.

  • Lower Modification: In this case, the additional buyback shares will be on hold till settlement.
  • Upper Modification: In this case, you will have to place a new buyback order for the additional shares.

Can customer cancel the orders?

Yes, customers can cancel the order. However, they can cancel the buyback orders only before the end date of the issue. There shares will be released after the settlement cycle is over.

How will the funds payout happen?

Funds payout for buyback issue will be directly credited by the exchange in respective bank account of the customer.

In case of failure of payout by exchange, HDFC securities Ltd will make the payout deducting the brokerage and statutory charges levied which will be the final payout to the customer.

In this case the exchange directly credits the funds payout successfully, HDFC securities Ltd will debit the charges of brokerage including all statutory charges as per contract note.

Another case of NRI customer, funds payout for buyback issues is received by HDFC securities ltd from the respective exchanges. Post deduction of brokerage, statutory levies the same is credited to respective NRI customer’s relevant linked HDFC bank account by HDFC bank after deducting the TDS.

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