Piramal Enterprises among 5 stocks whose buybacks are currently open. Do you own any?
By Navdeep Singh, ETMarkets.com |
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Buyback Action
A share buyback is a corporate action in which a company buys back its own outstanding shares to reduce the number of shares available in the open market. A company may come up with buyback offers for several reasons such as increasing the value of shares by reducing their supply etc. Here is a list of buybacks that are currently open, according to data available at PRIME Database:
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Indiamart Intermesh
Indiamart Intermesh's buyback opened on August 31, 2023, and shall close on September 6, 2023. The buyback size amounts to Rs 500 crore, and the buyback price is fixed at Rs 4,000 per share.
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FDC
Pharmaceuticals firm FDC's buyback opened on August 31, 2023, and shall close on September 6, 2023. The buyback size has been fixed at Rs 155 crore, and the buyback price is fixed at Rs 500 per share.
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KRBL
Rice processing and exporting company KRBL's buyback opened on August 31, 2023, and shall close on September 6, 2023. The buyback size has been fixed at Rs 325 crore, and the buyback price is fixed at Rs 500 per share.
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Piramal Enterprises
NBFC firm Piramal Enterprises' buyback opened on August 31, 2023, and shall close on September 6, 2023. The buyback size amounts to Rs 1,750 crore, and the buyback price is fixed at Rs 1,250 per share.
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CL Educate
CL Educate buyback opened on August 21, 2023, and shall close on November 28, 2023. The buyback size amounts to Rs 15 crore, and the buyback price is fixed at Rs 94 per share.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)