What is buyback of shares?

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Buyback of shares is a corporate action event wherein a company purchases its own stock from the existing shareholders at a price higher than the current market price. The buyback of shares in India is generally done either through a tender offer or an open market offer through the Stock Exchange.

The buyback of shares also known as Shares repurchase, allows a company to strengthen the promoter holding, utilize the free cash reserves optimally by rewarding the shareholders, and achieve the optimum capital structure.


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