The share price of Tech Mahindra Limited rallied more or less 1 percent soon after to an intraday high of Rs795.45 per share on NSE, on Monday. This is because of Tech Mahindra’s Rs1,956-Crore buyback offer opened for subscription on Read more
Shares of Quick Heal Technologies Limited advances in Thursday on bourses after the company announced a share buyback programme on March 05, 2019. The company notified this buyback plan post market hours on Wednesday. Share buybacks are being conducted by companies Read more
Indian state-controlled coal mining company Coal India Limited has said, it will consider a share-buyback proposal in its meeting scheduled on next Monday. The buyback constitutes the fully-paid equity shares of the company having a face value of Rs10 each. As Read more
Shares of ONGC ended lower 0.60 percent on the NSE with Nifty closing at 10652-mark down 9 points. On the BSE, ONGC stock declined by 1.09 percent with Sensex falling 64 points at 35,592-mark. State owned public sector oil undertaking Read more
ONGC shares reacted positively after buyback approval of 2,52,955,974 equity shares, or 1.97 percent of its total shares.
Buyback of shares & securities results in lower capital base, increases post-buyback earning per share (EPS) and appreciates significantly the price-earnings ratio (PER) or P/E.