{"id":50829,"date":"2022-06-29T15:45:00","date_gmt":"2022-06-29T10:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=50829"},"modified":"2022-06-29T15:42:00","modified_gmt":"2022-06-29T10:12:00","slug":"2-companies-have-declared-share-buyback-check-the-offer-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/","title":{"rendered":"2 Companies have declared Share buyback &#8211; Check the offer details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3481512503\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Share buybacks happen when a company that has issued shares decides to buy them and reabsorb that portion of its ownership that was previously distributed among public and private investors. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3811043111\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Companies do buybacks for various reasons like ownership consolidation, increasing the value of their equity, and improving their financial ratios. Sometimes companies prefer buybacks instead of distributing dividends.<\/p><p>Here are two companies, whose board of directors have approved share buybacks:<\/p><h4 class=\"wp-block-heading\" id=\"h-route-mobile\"><strong>Route Mobile<\/strong><\/h4><p>The shares of Route Mobile Limited fell 6.83% to \u20b9 1236.30 apiece on Wednesday. This happened after the board approved the buyback of shares in the open market in a meeting on Tuesday. Moreover, the board approved the appointment of Rathindra Das, group head legal, company secretary and compliance officer for the buyback.<\/p><div class=\"trade-content_5\" id=\"trade-169344169\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company informed in a BSE filing that its board had approved a \u20b9 120 crore spending to buy back shares from shareholders barring promoters, promoter groups and persons in control of the company.&nbsp;<\/p><p>The shares have a face value of \u20b910 and the board approved a buyback at a price not exceeding \u20b9 1,700. This indicates that the maximum buyback size will be \u20b9 120 crores and the maximum number of equity shares bought will be 7,05,882 or 1.12% of the total number of paid-up equity shares of the company. It represents 9.95% and 7.31% of the total paid-up equity share capital and free reserves of the company, respectively.<\/p><p>The minimum buyback size of the company is \u20b9 60 crores. Accordingly, the company will purchase an indicative minimum number of 352,942 equity shares.<\/p><p>Route mobile was listed in September 2020. It is a cloud communication platform provider that caters to enterprise customers, OTT players and mobile network operators. Its products include messaging, voice, email, SMS filtering, analytics and monetization.<\/p><h4 class=\"wp-block-heading\"><strong>Bajaj Auto<\/strong><\/h4><p>The shares of Bajaj Auto are in focus since the company has announced a share buyback worth \u20b9 2,500 crores. It said that its board has cleared the buyback of shares at a price not exceeding \u20b9 4,600. The company\u2019s shares are now trading at \u20b93,879.60 apiece. <\/p><p>The company has made it clear that 50% of the buyback proceeds will be utilised by the company and that the maximum buyback size would be 9.61% of total paid-up capital of the company.<\/p><div class=\"trade-content-10\" id=\"trade-4127718438\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Earlier on June 14th, the company\u2019s board had deferred a decision on its proposed share buyback citing further deliberations were required on the proposal.<\/p><p>Ashwin Patil, Senior Research Analyst at LKP Securities said, &#8220;The size of the buyback is&nbsp; \u20b9 2,500 crore and at a price of \u20b9 4,600. However, it&#8217;s an open market buyback and not a tender offer. This means that the stock may not reach those levels by the time the buyback offer closes. Therefore, for retail investors, there may not be any significant upside because of this buyback. However, we believe that the stock definitely holds a good value through its intrinsic performance and can reach levels of Rs 4400 which is as it is our target price. Maintain Buy,&#8221;<\/p><p>&#8220;Analysis indicates buyback is likely to improve FY24E returns on equity by 180 bps to 25% though unlikely to cause much change in earnings per share or Net Cash\/EBITDA ratios The minimum buyback size is for $160m (max $320m), compared to $3bn in cash &amp; liquid investments on balance sheet,&#8221; said Goldman Sachs as it maintained a buy call with a target price of \u20b9 4,250 on the auto stock.<\/p><p>Bajaj Auto is a part of the Bajaj group and it manufactures motorcycles, scooters and auto rickshaws. The shares gained 2.37% since yesterday.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By &#8211; Simran Bafna<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1942083784\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Share buybacks happen when a company that has issued shares decides to buy them and reabsorb that portion of its ownership that was previously distributed among public and private investors. Companies do buybacks for various reasons like ownership consolidation, increasing the value of their equity, and improving their financial ratios. Sometimes companies prefer buybacks instead [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":39466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,1789],"tags":[61,4231,3979,2032],"class_list":["post-50829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-trending-news","tag-bajaj-auto","tag-bajaj-auto-buyback","tag-route-mobile-ltd","tag-share-buyback"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2 Companies have declared Share buyback - Check the offer details - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2 Companies have declared Share buyback - Check the offer details\" \/>\n<meta property=\"og:description\" content=\"Share buybacks happen when a company that has issued shares decides to buy them and reabsorb that portion of its ownership that was previously distributed among public and private investors. Companies do buybacks for various reasons like ownership consolidation, increasing the value of their equity, and improving their financial ratios. Sometimes companies prefer buybacks instead [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-29T10:15:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/BSE-21-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/BSE-21-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/\",\"url\":\"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/\",\"name\":\"2 Companies have declared Share buyback - Check the offer details - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/BSE-21-Cover-Image.jpg\",\"datePublished\":\"2022-06-29T10:15:00+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/BSE-21-Cover-Image.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/BSE-21-Cover-Image.jpg\",\"width\":1280,\"height\":854,\"caption\":\"BSE\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"2 Companies have declared Share buyback &#8211; Check the offer details\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"2 Companies have declared Share buyback - Check the offer details - Trade Brains Features","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/","og_locale":"en_US","og_type":"article","og_title":"2 Companies have declared Share buyback - Check the offer details","og_description":"Share buybacks happen when a company that has issued shares decides to buy them and reabsorb that portion of its ownership that was previously distributed among public and private investors. Companies do buybacks for various reasons like ownership consolidation, increasing the value of their equity, and improving their financial ratios. Sometimes companies prefer buybacks instead [&hellip;]","og_url":"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2022-06-29T10:15:00+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/BSE-21-Cover-Image.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_image":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/BSE-21-Cover-Image.jpg","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/","url":"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/","name":"2 Companies have declared Share buyback - Check the offer details - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/BSE-21-Cover-Image.jpg","datePublished":"2022-06-29T10:15:00+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/BSE-21-Cover-Image.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/BSE-21-Cover-Image.jpg","width":1280,"height":854,"caption":"BSE"},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/2-companies-have-declared-share-buyback-check-the-offer-details\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"2 Companies have declared Share buyback &#8211; Check the offer details"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/50829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=50829"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/50829\/revisions"}],"predecessor-version":[{"id":50840,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/50829\/revisions\/50840"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/39466"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=50829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=50829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=50829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}