Jenburkt Pharmaceuticals Buyback vs Tips Industries Buyback 2022

The buyback is being undertaken for the following reason:

• The company is expected to achieve the objective of returning surplus funds to the shareholders, improving return on equity through distribution of surplus funds, improving earnings per share by reduction in equity base and increasing shareholders' value in the long term by improving key return ratios.

• The Buyback will lead to reduction in outstanding Equity Shares of the Company, improvement in 'earnings per share' and enhanced return on equity.

The Buyback is being undertaken for the following reasons:

• The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
• The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base, thereby leading to long term increase in shareholders' value.