Share buyback through open market transaction has picked up pace after a gap of seven years, with nearly a dozen companies announcing repurchase of their shares via this route in the past two months. A sharp fall in stock prices in the past couple of months has seen 11 companies announce buyback of their company’s shares via the open market route since March.
Thus far in calendar year 2020 (CY20), 20 companies have announced buyback of their shares, of which, 14 firms have proposed to buyback from open market route via stock exchanges. In CY13, out of total 30 companies that ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
First Published: Wed, April 29 2020. 10:38 IST
