04 Jul 08 DLF Buyback offer proposed

The DLF Buyback offer drama continues to unfold in the markets. After witnessing its highest ever single day gain yesterday, the share prices of DLF seem to be back to square one today, after registering the highest every single day fall ever since its IPO last year. Shareholders have realised that DLF would be able to buyback only about 2% of the free float, since SEBI’s guidelines as per the listing agreement mandates that a listed company has atleast 10% free float (non promoter shareholding) failing which the company will be compulsorily delisted from the stock exchanges. Its interesting to note that DLF took this route to get delisted from the stock exchanges a few years back, before coming up with another IPO last year. At a time when the interest rates are close to the peak increasing borrowing costs of real estate company tremendously, it doesn’t make sense at all to go for a buyback offer. More details about the DLF Buyback offer will be updated here soon.

17 Jun 08 Atlas Copco Buy Back Offer Details

Atlas Copco Buy Back Offer is likely to be announced in the coming few days. The board of Atlas Copco is scheduled to meet on the 25th of June, 2008 in order to consider a proposal to buy back shares from the equity shareholders of the company. More clarity on the Atlas Buy Back Offer will be available once the board meeting is over and the minutes of the board meeting is available.

05 Nov 07 ANG Auto Buyback offer details

ANG Auto Limited has informed the stock exchanges that the board of directors of ANG Auto will meet on November 12, 2007 to consider a share buyback offer through which ANG Auto will buyback the equity shares of the company from the shareholders of ANG Auto upto a maximum of 25% of the paidup capital of the company. As soon as the announcement was made, the share prices of ANG Auto moved up smartly by about 10%. More details on the ANG Auto Buyback offer including the offer price for the share buy-back proposal will be known after the board meeting is over.

03 Nov 07 Prime Securities Buy Back Offer Price fixed

Prime Securities Limited has informed the stock exchanges that the board of directors of Prime Securities have fixed the offer price for the Prime Securities Buy Back Offer. The Prime Securities Buy Back Offer Price has been fixed at Rs. 225 per equity share of face value Rs. 10 each. Prime Securities Limited will take the open market purchase route to buyback shares and will purchase shares through both NSE and BSE.

29 Oct 07 EID parry buy back offer approved, buyback offer price fixed

EID Parry India Limited has approved the buyback of shares from the shareholders of EID Parry at a maximum price of Rs. 160 per share of face value Rs. 2 each. The shares of EID Parry did not participate in the strong bull run that the Indian stock markets have been witnessing. This was mainly because the sugar industry in India was not doing well. However, with the announcement of the buyback offer price, the share prices of EID Parry India zoomed up by over 3% today. The record date (effective date) for the buy back offer has not yet been anoounced

26 Oct 07 Deccan Chronicle Buy-Back offer price fixed

Deccan Chronicle holdings limited has fixed the offer price for its share buyback offer. The Deccan Chronicle Buy-Back offer price has been fixed at Rs. 250 per share. This means the maximum price offered to shareholders who participate in the buyback offer and surrender their shares will be Rs. 250. This amount will be paid in Cash. Deccan Chronicle holdings limited has allocated a maximum of Rs. 250 crores for the purpose of this hsare buyback offer.

23 Oct 07 AksharChem India share buyback offer details

AksharChem India Limited has informed the stock exchanges that the Board of Directors of AksharChem India will meet on October 29, 2007 to consider a share buy-back offer to buyback a portion of the free float equity shares if AksharChem India from the existing shareholders of the company. The buy-back offer price and the record date for the buyback offer has not yet been announced.

22 Oct 07 EID Parry Share Buy Back offer details

EID Parry India Limited has informed the stock exchanges that the board of EID Parry will meet on October 29, 2007 to consider a buyback of shares from the shareholders of EID Parry. More details about the EID Parry Share Buy Back will be available only after the board meeting is over. The Buy Back offer price will be updated here as soon as it is announced.

17 Oct 07 Deccan Chronicle Holdings (DCHL) Share Buyback offer

Deccan Chronicle Holdings Limited has informed the stock exchanges that the board of directors of Deccan Chronicle will consider making a Share Buyback offer in the forthcoming board meeting on October 26, 2007. More details about the DCHL Buyback offer including the record date for the buy back and the swap ratio will be available on 26 Oct,  once the Deccan Chronicle Holdings board meeting is over.

06 Sep 07 Abbott India share Buy Back offer approved

Abbott India Limited, a leading MNC pharma company has informed the stock exchanges today that the board of Abbott India has approved the buy back offer to buyback the shares of Abbott India at Rs. 650 per share. Sometime back the Abbott India share Buy Back offer received the SEBI approval as well. More details about the Abbott India share buyback offer  will be updated as and when they are available.

21 Jul 07 Hindustan lever (HLL) Buyback

Hindustan Unilever Limited, formerly known as Hindustan Lever Limited (HLL) announced yetserday that it intends to buyback shares. The Buyback offer proposal will be taken up by the board of HLL in the next board meeting. Hindustan Lever (HLL) has failed to participate in the ensuing bull run and hence the board of HLL probably feels that the stock prices of HLL are highly undervalued and hence the share buyback proposal.

20 Jun 07 Blue Dart Express Hits Year High on BuyBack Rumours

Blue Dart Express has hit its year high today following rumours that the parent company DHL will buyback shares from minority investors and delist Blue Dart Express from the Indian stock exchanges. DHL through its singapore subsidary, DHL Express Singapore holds over 81% stake in Blue Dart Express while indian individual investors hold a 5% stake. The rest is with Institutional Investors.

17 May 07 ICI India share buy back

ICI India has informed the Indian stock exchanges that the board of ICI India will meet on 26 May 2007 to consider a proposal for buy back of shares of ICI India at a price of Rs. 575 per share from the existing shareholders of ICI India through open market purchases. More details about the ICI India share buyback will be available on 26 May 2007 after the board meeting is over.

11 May 07 MRO TEK Buy Back

MRO TEK has informed its shareholders that it will buyback 25.60 lakh shares of MRO TEK (12.34% of the equity capital of MRO TEK) from the open market at Rs. 55 per share. The MRO TEK buyback offer will open on 21 May 2007 and close on 29 March 2008.

25 Apr 07 GTL fixes buyback price

GTL has fixed the buyback price for its share buy back offer at Rs.300 per share. This is way above GTL’s current market price of Rs. 192. After this announcement was made the GTL scrip zoomed by over 7% to Rs.192, today. GTL has set aside Rs. 275 crores for the purpose of buyback of its equity shares.

The share buyback will benefit GTL’s shareholders. Those who sell out in the buyback offer as well as those who don’t participate will be benefited. Those hsareholders who participate in the buy back offer will get a price which is way above GTL’s current market price. On the other hand those who dont’t participate will also be benefited because key ratios like EPS and P/E Ratio will become more attractive because of a smaller equity base.