Share Buybacks in India (2026)
Track official share repurchase programs by listed Indian corporations: buyback prices, premium over market trading values, record dates, and retail investor entitlement ratios.
Man Infraconstruction Ltd.
09 Sept 2026 – 16 Dec 2026
- Record Date
- Not applicable
- Buyback Price
- ₹171
- Issue Size
- ₹169.29 Cr
- Premium
- +53.5%
0.99 shares · 0% of total equity
Great Eastern Shipping Co.Ltd.
04 Sept 2026 – 11 Dec 2026
- Record Date
- Not applicable
- Buyback Price
- ₹1,530
- Issue Size
- ₹900.00 Cr
- Premium
- +0.9%
0 shares · 0% of total equity
Advanced Enzyme Technologies Ltd.
14 Aug 2026 – 20 Nov 2026
- Record Date
- Not applicable
- Buyback Price
- ₹500
- Issue Size
- ₹69.70 Cr
- Premium
- +90.5%
0.14 shares · 0% of total equity
Transport Corp.Of India Ltd.
15 Oct 2026 – 22 Oct 2026
- Record Date
- 09 Oct 2026
- Buyback Price
- ₹960
- Issue Size
- ₹150.00 Cr
- Premium
- +11.8%
0.16 shares · 0% of total equity
Shardul Securities Ltd.
14 Oct 2026 – 21 Oct 2026
- Record Date
- 08 Oct 2026
- Buyback Price
- ₹60
- Issue Size
- ₹115.20 Cr
- Premium
- +3.3%
1.92 shares · 0% of total equity
How Share Buybacks Work in India: An Investor’s Guide
A share buyback (or stock repurchase) occurs when a listed company buys back its own outstanding equity shares from shareholders, usually at a fixed price that represents a premium over the prevailing market price. Buybacks reduce the total number of floating shares on the exchange, structurally increasing Earnings Per Share (EPS) and Return on Equity (ROE).
1. Tender Offer Route
The company offers to buy back a specific number of shares directly from existing shareholders who hold shares on the Record Date. Shareholders submit a tender application through their broker during the fixed 5-day tendering window.
2. Open Market Route
The company purchases its own shares directly from the open stock exchange order book over a period of up to 6 months. SEBI is progressively phasing out open market buybacks in favor of the equitable Tender Offer route.
The 15% Retail Reservation (Small Shareholder Quota)
Under SEBI Buyback Regulations, companies conducting a tender offer buyback must reserve 15% of the total buyback size exclusively for Small (Retail) Shareholders.
A Small Shareholder is defined as any investor whose total shareholding value in the company does not exceed ₹2,00,000 as on the official Record Date (calculated at the closing market price on that day). This reservation often leads to higher acceptance ratios (entitlement ratios) for retail investors compared to promoter and institutional categories.
Revised Tax Rules on Share Buybacks (Budget 2024–2026)
Starting October 1, 2024, the tax treatment of share buybacks was structurally changed under the Finance Act:
- Buyback proceeds received by the shareholder are now taxed as Dividend Income at the investor’s applicable income tax slab rates.
- The original purchase price of the shares tendered in the buyback is allowed as a Capital Loss, which can be set off against other capital gains.
Step-by-Step: How to Tender Shares in a Buyback
- Ensure you hold the company’s shares in your Demat account on or before the Record Date.
- When the 5-day Tender Window opens, log in to your broker console (Zerodha Console $\rightarrow$ Corporate Actions, Groww, Angel One, or Upstox).
- Select the active buyback offer, enter the quantity of shares you wish to tender (up to your total holding), and confirm the CDSL / NSDL T-PIN authorization.
- Once the company finalizes the Acceptance Ratio, accepted shares are debited and cash proceeds are directly credited to your primary bank account within 7 working days. Any unaccepted surplus shares are released back into your Demat account.