TTK Prestige among 6 companies with ongoing buyback programs

Companies in India are gearing up for an increase in share buybacks as the new tax rules on repurchases take effect on October 1 wherein the gains from buybacks will now be taxed in the hands of shareholders rather than the companies.

Many companies have or are set to approve share buybacks shortly after the new regime was proposed in the budget on July 23.

Below is a list of 6 companies with ongoing buyback programs:

Buyback size: Rs 130 crore

Buyback price: Rs 12,000

Premium (from Thursday’s close): Rs 23%

Bidding Window: August 22-28

Buyback size: Rs 60.24 crore

Buyback price: Rs 300

Premium (from Thursday’s close): 25%

Bidding window: August 23-29

Buyback size: Rs 100 crore

Buyback price: Rs 2,000

Premium (from Thursday’s close): 11.4%

Bidding window: August 22-28

Buyback size: Rs 100 crore

Buyback price: Rs 200

Premium (from Thursday’s close): 27%

Bidding window: August 20-26

Buyback size: Rs 36.45 crore

Buyback price: Rs 675

Premium (from Thursday’s close): 11.7%

Bidding window: August 22-28

Buyback size: Rs 200 crore

Buyback price: Rs 1,200

Premium (from Thursday’s close): 24.5%

Bidding window: August 21-27


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