Track official share repurchase programs by listed Indian corporations: buyback prices, premium over market trading values, record dates, and retail investor entitlement ratios.
No current buybacks right now.
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).
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.
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.
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.
Starting October 1, 2024, the tax treatment of share buybacks was structurally changed under the Finance Act: