8 share buyback offers promising up to 51% premiums; do you own these stocks?
A share repurchase reduces the number of shares outstanding, thereby inflating (positive) earnings per share and, often, the value of the stock.
Currently even as there have been made taxation-related changes for the share buyback in the recent budget and the rules apply from October 1, 2024, here is a chance for investors to tender their shares in the share buyback.
Here are the eight listed companies along with the premium gain that you can garner by tendering your shares:
Mayur Uniquoters
Mayur Uniquoters announced the buyback on Monday at a price of Rs 800. At the said price, investors will be able to make a premium of 20 per cent from the last closing price. The record date for the buyback is August 23 which means that to be eligible to participate in the buyback investors need to have the shares in their demat latest by today i.e. must have bought into the stock by the ex-date.
Symphony
The company's buyback has been announced at a price of Rs 2,500 and considering the last traded price can fetch investors 51 per cent return. The record date for the buyback is August 21.
Chaman Lal Setia Exports
The company's share buyback has been announced at a price of Rs 300 per share and the record date is decided as August 19. The company will carry out the stock via the tender route.
Cera Sanitaryware
The company has announced share buyback at a substantial premium at Rs 12,000. The company's last traded at a price of Rs 9,906.6 per share.
TTK Prestige
The company's share repurchase is decided at a price of Rs 1,200 per share, implying probable gains of 19 per cent. The buyback is open for investors until August 14.
Dhankua Agritech
Dhanuka Agritech share buyback price is pegged at Rs 2000 and can give you a premium of 11 per cent.
AIA Engineering
AIA Engineering stock through its share buyback offer priced at Rs 5,000 will be able to make a return of 7 per cent if they tender their shares in the offer.
Savita Oil Technologies
The lubricant company can earn you 16 per cent premium if you participate in its buyback which the company will do at a price of Rs 675 per share.