Mayur Uniquoters Buyback vs Pennar Industries Buyback

The Buyback aims to :
i) Return surplus cash to its Shareholders.
ii) Reduce the outstanding number of equity shares and consequently increase earnings per share and book value per share.
iii) Improve key return ratios like return on equity capital.

The buyback aims to utilize the net proceeds towards the following objectives:

• To increase the earnings per share (EPS) over a period of time.
• To effectively utilize available cash, and
• To improve key return ratios like return on net worth, return on assets, etc.