FDC Buyback vs Pennar Industries Buyback

The Buyback aims to:
i) Increase the earnings per share and enhance Return on equity and return on capital employed, Return on Net Worth, Return on assets, etc and long term increase in shareholders' value;
ii) Distribute surplus cash to the shareholders.

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.