Buyback Offers with Record Date & Price

List of Current/Upcoming Buyback offers

Buyback Company Buyback Dates Buyback Price Record Date Buyback Offer(in crores) Buyback Offer Size
Aarti Drugs 27 Apr 2021 - 10 May 2021 Rs.1000 01 Apr 2021 Rs.60.00 9.82%
Insecticides India 12 Apr 2021 - 11 Oct 2021 Rs.575 Rs.60.00
Gujarat Apollo Industries 08 Apr 2021 - 26 Apr 2021 Rs.222 26 Feb 2021 Rs.19.13 6.81%
Savita Oil 15 Apr 2021 - 29 Apr 2021 Rs.1400 05 Mar 2021 Rs.35.14 1.78%
NIIT 12 Apr 2021 - 28 Apr 2021 Rs.240 24 Feb 2021 Rs.237.0 6.798%
Suprajit Engineering 08 Apr 2021 - 26 Apr 2021 Rs.320 22 Feb 2021 Rs.48.0 1.07%
Bharat Rasayan 26 Mar 2021 - 12 Apr 2021 Rs.11500 05 Mar 2021 Rs.0.01 0.01
Jagran Prakashan 08 Mar 2021 - 07 Sep 2021 Rs.60 Rs.118 118
Nava Bharat Ventures 10 Mar 2021 - 09 Sep 2021 Rs.100 Rs.150
NMDC 17 Dec 2020 - 31 Dec 2020 Rs.105 23 Nov 2020 Rs.1378 5.0%
Mayur Uniquoters 30 Dec 2020 - 12 Jan 2021 Rs.400 25 Nov 2020 Rs.30 5.12%
TCS 18 Dec 2020 - 01 Jan 2021 Rs.3000 28 Nov 2020 Rs.16000 1.42%
Kanchi Karpooram 31 Dec 2020 - 13 Jan 2021 Rs.405 4 Dec 2020 Rs.8.91 5.17%
Wipro 29 Dec 2020 - 11 Jan 2021 Rs.400 11 Dec 2020 Rs.9500 4.16%
Garware Technical Fibres - Rs.2300 11 Dec 2020 Rs.72.99 1.45%
Engineers India - Rs.84 01 Jan 2021 Rs.586.90 11.06%
Engineers India - Rs.84 01 Jan 2021 Rs.586.90 11.06%
Industrial Prudential - Rs.1200 01 Jan 2021 Rs.8.34 24.99%
Jullundur Motor Agency - Rs.36 24 Dec 2020 Rs.26.82 17.02%
Eris Lifesciences 01/01/2020 - 14/01/2020 Rs.575 15/07/2019 Rs.100.00 1.26%
Kaveri Seed 31/12/2019 - 13/01/2020 Rs.700 22/11/2019 Rs.196.00 4.44%
MOIL 26/12/2019 - 08/01/2020 Rs.152 27/11/2019 Rs.308.28 7.87%
JB Chemicals 16/12/2019 - 30/12/2019 Rs.440 22/11/2019 Rs.130.00 3.68%

What is Buyback?

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 2019 with buyback price and record date.

Who can apply for Buyback?

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 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.

In 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.