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Wipro’s share buyback offers an arbitrage opportunity
“At the current price of Rs340, the tender of shares in open offer can fetch a profit of Rs 60 per share on 50% of positions. The break-even price for the residual shares will be Rs 280,” said a note by ICICI Direct.
Government to leverage public offers, buybacks for divestment plan
Encouraged by the response to the Mazagon Dock Shipbuilders IPO, the gover...
Unacademy plans to launch Rs 30 crore-ESOP buyback offer
The edutech space has seen strong growth globally with the COVID-19 pandemic serving...
Vedanta steps closer to delisting; 137.74 cr shares offered in buyback
Vedanta Ltd stepped closer to being delisted from Indian bourses after 137.74 crore shares were tendered at the close of the buyback offer m...
Should you chase the buyback offer from TCS for trading gain?
Analysts say the proposal may not move the needle for short-to-medium term investors, after the recent spike in the stock price.
MMTC-PAMP launches buy-back, exchange offers for gold
"These are indeed challenging times worldwide, and the significant uptick in jewellers and consumers selling gold assets to offset hardships is expected to continue for some time," MMTC-PAMP Chief Executive Officer Managing Director Vikas Singh said in a statement.
NTPC board to consider buyback of equity shares on November 2
Last week, markets regulator Sebi granted exemption to NTPC from certain buyback norms for the proposed merger of its wholly-owned subsidiaries with the parent company.
Is TCS share buyback aimed at pumping money into parent?
Analysts and investors are wondering whether the country’s second-largest company by market value is buying back shares at this juncture only to indicate a rosy outlook or to pump money into its parent, Tata Sons, in a more tax-efficient way.
Ather Energy rolls out assured buyback scheme for e-scooter model
Under the assured scheme, aimed at accelerating EV adoption in the country, Ather Energy will buy back Ather 450X e-scooter at Rs 85,000, at the end of three years, Tarun Mehta, co-founder and CEO, Ather Energy, said at a virtual press conference.
Inverted Energy launches buyback plan for its e-rickshaw batteries
The programme will be launched on October 20 with an aim to encourage e-rickshaw owners to switch to green energy, the company said in a statement.
IPOs, buybacks to fuel government’s divestment plan: Dipam Secretary
“We have made use of the market opportunities through three very successful transactions in the defence sector... There are IPOs planned,” said Tuhin Kanta Pandey, secretary in the Department of Investments and Public Asset Management.
Wipro Q2 results: Net profit declines 3% YoY; firm announces Rs 9,500 crore share buyback
Consolidated revenue of the company declined marginally 0.07 per cent YoY to Rs 15,114.50 crore, over Rs 15,125.60 crore posted in Q2FY20.
Tata Sons’ stake in TCS may fall post buyback
Shares of TCS, the country’s largest software exporter, rose 3.19 per cent to close at Rs 2,824.80 on Thursday on better-than-expected second quarter results. Most analysts are projecting a price target of Rs 3,300-4,000 on TCS in the foreseeable future.
Sebi extends relaxation in procedural requirements for open, buyback offers
The acquirer may have the flexibility to publish the dispatch advertisement in additional newspapers, over and above those required under the respective regulations.
Majesco board gives nod to Rs 631 crore share buyback plan
The standalone financials for the period ended September 30, 2020 reflected gain on account of stake sale in Majesco US of Rs 3,234.3 crore, a filing had said.