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Share buyback refers to the process wherein a company repurchases its own shares from existing shareholders. A share buyback leads to a reduction in the company’s outstanding shares and is generally done to demonstrate that the company has sufficient cash reserves.

The company gives an offer to its shareholders to tender shares at a particular price which is generally higher than the prevailing market price.


Name Start Date End Date Max Buyback Price Action
Freshtrop Fruits Ltd Dec 20, 2022 Jun 19, 2023 115.0
Tanla Platforms Ltd Dec 20, 2022 Jan 02, 2023 1200.0
Orbit Exports Ltd Dec 15, 2022 Dec 28, 2022 245.0
Infosys Ltd Dec 07, 2022 Jun 06, 2023 1850.0
Garware Technical Fibres Ltd Dec 05, 2022 Dec 16, 2022 3750.0
Windlas Biotech Ltd Nov 21, 2022 May 20, 2023 325.0
CARE Ratings Ltd Nov 18, 2022 Dec 01, 2022 515.0
Balrampur Chini Mills Ltd Nov 16, 2022 May 15, 2023 360.0
Kaveri Seed Company Ltd Nov 07, 2022 May 06, 2023 700.0
International Conveyors Ltd Nov 03, 2022 May 03, 2023 75.0

How to Bid for buyback?

A buyback of shares takes place via a tender offer or open market offer. As far as tender offers are concerned, the existing shareholders opt to accept the offer put forth by the company and tender their shares. This is done on a record date and in exchange for cash as offered by the company according to the prescribed buyback ratio.

On the other hand, an open market offer allows any equity shareholder of the company to participate in the buyback process. They can do so through their stockbroker while the buyback window is open.

Features of Buyback


Buybacks allow a company to regain control of its shares by repurchasing those held by shareholders. It also helps a company reduce the quantity of shares held by the general public. Buybacks help a company consolidate its ownership and improve its valuation. It is also instrumental in rewarding shareholders.


Buybacks allow a company to increase the value of shares, and in turn, improve the overall valuation of the company. Along with fostering trust amongst investors, they are also a tax-effective way of rewarding investors, especially when compared to dividends that are taxed thrice. Additionally, buybacks boost the price of the company’s shares while reducing supply within increased demand.


One of the major drawbacks of buybacks is that they give a false illusion about the company’s valuation. Similarly, the reduced supply of shares even when demand is high can drive up prices giving a false illusion to investors.


If you want to participate in the tender offer buyback process, you must be an existing shareholder of the company on the Record Date of the buyback offer. On the other hand, any shareholder holding shares of the company can participate in the buyback offer under the open offer process.

A record date is a date set by the company to determine the names of the equity shareholders eligible to participate in the buyback. The shareholders whose names are registered in the company’s book as of the record day are only eligible to participate in the share buyback.

Generally, a buyback has a positive effect on share price due to the shortage of supply as the company repurchases shares. Another reason is that investors’ confidence increases as only a financially healthy company can opt for a buyback. As the number of outstanding shares reduces and the earnings remain the same, the EPS (earning per share) improves, causing a price hike.