BUYBACK OFFER
Dr Agarwal's Health Care IPO: Check key dates, price band, latest GMP & other details
Dr Agarwal's Health Care will launch its IPO from January 29 to 31, aiming to raise Rs 3,027.26 crore. The IPO includes a fresh share sale and an OFS. The company specializes in eye care services. The grey market premium indicates strong demand, with listing expected on February 5.
RBI accepts 77% of January government-security buyback bids
In January, the Reserve Bank of India accepted almost 77% of the notified amount in buyback auctions of government securities. Banks bid aggressively due to deficit liquidity in the banking system. The auctions received bids worth ₹45,710.2 crore for a notified amount of ₹25,000 crore. The RBI accepted ₹19,217.5 crore.
15 IPO listings in 21 days made this December busiest one in capital markets
December has seen an unprecedented surge in activity for India's capital markets, with 15 IPOs listed in just 21 days. The year 2024 witnessed 90 mainboard IPOs, raising USD 20 billion. This growth is driven by increased market participation and diversification, although regulatory changes may challenge this momentum.
Esops & Startup Inc’s IPO run; AppDynamics founder eyes big India team
Happy Friday! The IPOs of eight new-age internet companies this year boosted employee wealth, but founders and promoters gained much more. This and more in today’s ETtech Morning Dispatch.
Wipro among 10 stocks nearing ex-dates for dividends, bonus, splits next week. Do you own these?
Several companies, including Wipro, are approaching their record dates for dividends, bonus issues, and stock splits. To be eligible for these corporate actions, shares must be in the demat account on the record date. Buying shares one day before the ex-date ensures eligibility, while buying on the ex-date does not.
Supreme Court refuses stay on SAT order in Cairn India buyback case
The Supreme Court refused to stay a tribunal order that quashed SEBI's action against Cairn India, now part of Vedanta Ltd. SEBI had penalized Cairn India for violating buyback rules. The company successfully appealed against the penalties, arguing unforeseen market conditions. SEBI's appeal against the tribunal's decision will be heard by the Supreme Court.
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PFC among 43 stocks nearing ex-dates for dividends, bonus, splits next week. Do you own?
Several companies, including PFC, Happiest Minds, and NALCO, are set to reach their record dates for dividends, bonus issues, and stock splits this week. Investors need to be aware of these dates to be eligible for corporate actions. The article lists the ex-dates for various companies and their respective actions.
GQG Partners rebounds over 15%; co announces share buyback
GQG Partners, a significant investor in Adani Group stocks, saw its share price rebound after a sharp drop following US fraud charges against Adani executives. GQG is reviewing the charges but emphasized that most of its clients' assets are not invested in Adani Group companies.
PSU stocks: New rules for share buyback, bonus issue, stock split and dividend
The finance ministry has updated capital restructuring guidelines for non-bank public sector enterprises (PSUs) to ensure optimal fund utilization. The revised norms for listed Central Public Sector Enterprises (CPSEs) include changes to dividend payouts, share splits, buybacks, and bonus issuances.
TikTok parent ByteDance's valuation hits $300 billion, sources say
After proposing a share buyback program at $180.70 per share, ByteDance, parent company of TikTok has been valuing itself at $300 billion, a 12.9% increase in per share price from the previous buyback value of $160. According to one source, ByteDance had already been planning a buyback program, regardless of the US presidential election's results.
Matrimony.com Rs 72 crore share buyback offer now open, closes acceptance on November 6
Matrimony.com's Rs 72 crore share buyback is open for eligible shareholders from October 30 to November 6. Only shareholders on record as of October 25 are eligible. The deadline to submit bids is November 6, with settlement by November 12.
New liquidity window may not boost retail play in corporate bonds
These latest guidelines provide an issuer with flexibility on the quantum of their buyback and what kind of investors they want to buy it back from. Sebi noted that issuers can give investors 'put options' that are exercisable on pre-specified dates or intervals.
Centre to repurchase up to ₹25,000 crore of Government securities
The Centre has announced a buyback auction for up to ₹25,000 crore worth of government securities to be conducted by the RBI on October 17. The auction features five bonds maturing between 2025 and 2026. This follows recent successful buyback operations by the RBI since May.
RBI accepts nearly Rs 25,000 crore bids in bond buyback
In its earlier auctions, the RBI accepted bids worth a smaller quantum than the total notified amount of the auction. This is because the central bank and the government were likely uncomfortable with the price levels that banks were earlier offering. The RBI is the manager of the government's debt.
3 changes stock market investors need to be aware of from October 1
From October 1, Indian stock market investors will face changes including revised transaction fees by BSE and NSE, an increase in Securities Transaction Tax on Futures & Options trading, and new taxation rules for share buybacks. These changes could impact trading strategies and profits.
China’s challenge: Avoiding Japan’s generational gamble
The PBOC will also reduce mortgage rates by 50bp, lower the down payment ratio for second homes, and explore options for banks to purchase land from developers. Additionally, an RMB 500bn liquidity program for non-bank financial institutions and a re-lending initiative for share buybacks were announced.
Share buyback boom: Promoters wooing HNIs before new tax rules spoil the charm
Promoters of Indian cos are rushing to complete share buybacks before new tax rules take effect on October 1. The changes will shift the tax burden from companies to shareholders, making buybacks less attractive for high-net-worth individuals. Several companies have already completed or announced buyback offers in anticipation of the new rules.
Last date for buyback eligibility: Record date for these 2 companies tomorrow
The boards of Technocraft Industries (India) and Suprajit Engineering have announced share buybacks of Rs 130 crore and Rs 112 crore, respectively, with August 27 as the record date. To participate in these buybacks, investors must purchase shares today to ensure their names are listed in the company records as of the record date, August 27.
Transport Corporation approves Rs 160 crore share buyback. Check record date
In a meeting held on August 24, 2024, the company’s board approved the buyback of up to 13,33,333 equity shares at Rs 1,200 per share on a proportionate basis through the tender offer route, according to an exchange filing.
Nucleus Software approves Rs 72 crore buyback, stock dips 5%
The company has set September 3 as the record date for the buyback, which will be conducted via a tender offer. This marks the company's second share buyback, with the previous one occurring in September 2021.
Suprajit Engineering announces Rs 112 crore share buyback. Check record date
Suprajit Engineering revealed a buyback of shares worth Rs 112.5 crore, setting August 27 as the record date and a buyback price of Rs 750, signaling a significant premium. This led to a stock surge of 10.35%, reaching a new high of Rs 595. The buyback will involve 15,00,000 equity shares at the given price.
Indus Towers Rs 2,700 crore-share buyback bids open on Wednesday. Check details
Indus Towers Shares Buyback: Eligible shareholders can now participate in the buyback. The settlement of bids will be completed on or before August 28. Small shareholders are entitled to receive one equity share for every 4 shares they held as of the record date. For general category shareholders, the buyback entitlement ratio is 5 equity shares for every 139 shares held on the record date.
Technocraft Industries announces Rs 130-crore share buyback. Check record date
Prior to this, Technocraft Industries has conducted share buybacks three times, in 2022, 2017, and 2015, according to data available on Trendlyne.
Indus Towers' Rs 2,600 crore share buyback offer to begin on August 14
It had fixed August 9 as the record date for determining the entitlement and the names of equity shareholders who would be eligible to participate in the buyback.
Navneet Education Rs 200 crore-buyback: Last day to buy shares for eligibility
Navneet Education's board approved a Rs 200 crore share buyback earlier this month, with a record date of August 13. The buyback will be priced at Rs 200, reflecting a 22.3% premium over the stock's closing price on August 9, and will be conducted through a tender offer.
ICICI Bank, RailTel among 77 stocks that will announce dividend, bonus, split, rights issue next week. Do you own any?
he record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.
AIA Engineering approves Rs 500 crore buyback. Check record date
“We wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., August 07, 2024, have, inter alia, approved the Buy-back of up to 10,00,000 (Ten Lakhs Only) fully paid-up Equity Shares of face value of ~ 2/- each by the Company (representing 1.06% of the total number of Equity Shares of the Company) at a price of ~ 5,000/- (Rupees Five Thousand) per Equity Share payable in cash for a total consideration not exceeding ~. 500,00,00,000/- (Rupees Five Hundred Crores only),” said the company in its filing to the exchanges.
Long term capital gains tax benefit taken away for shares sold in a buyback offer, sale value to be taxed like dividend income
If the company, whose shares you hold, offers a buyback offer and you sell your stocks to the company then the sale value received would now be taxable in your hand just like the dividend taxation. As a result you will need to pay income tax as per applicable tax slab on total sale value. Though there is a provision to claim capital loss to the tune of acquisition value of the thus sold shares.
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