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 Mayur Uniquoters](https://cdn.zeebiz.com/sites/default/files/2024/08/13/311302-untitled-design-2024-06-05t111504606.png)
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
![Symphony Symphony](https://cdn.zeebiz.com/sites/default/files/2024/08/13/311282-pexels-energepic-com-27411-159888.jpg)
Chaman Lal Setia Exports
![Chaman Lal Setia Exports Chaman Lal Setia Exports](https://cdn.zeebiz.com/sites/default/files/2024/08/13/311294-pexels-karolina-grabowska-4386366.jpg)
Cera Sanitaryware
![Cera Sanitaryware Cera Sanitaryware](https://cdn.zeebiz.com/sites/default/files/2024/08/13/311309-untitled-design-2024-06-06t160441183.png)
TTK Prestige
![TTK Prestige TTK Prestige](https://cdn.zeebiz.com/sites/default/files/2024/08/13/311315-man-18395001280.jpg)
Dhankua Agritech
![Dhankua Agritech Dhankua Agritech](https://cdn.zeebiz.com/sites/default/files/2024/08/13/311318-untitled-design-2024-05-22t134832942.png)
AIA Engineering
![AIA Engineering AIA Engineering](https://cdn.zeebiz.com/sites/default/files/2024/08/13/311320-consumption-and-bfsi-1.png)