Chittorgarh.com Logo
Loading...

Current Buyback List (Open Market) 2020

An open offer buyback is an offer by the company to buy back its own shares from the open market, either through the Stock exchange or the book-building process. The Open Market offer through the stock exchange mechanism is more popular and common compared to the book-building process.

In an open offer through the stock exchange mechanism, the company announces the maximum buyback size and the maximum buyback price. The investors in possession of the stock can approach their respective brokers to know the process to participate in the open market offer.

Refer below to the list of Open Market Offers Through Stock Exchange Mechanism.

Issue open

List of Buyback (Open Market) of Shares in India 2020

Company Name Record Date Issue Open Issue Close Buyback Type BuyBack price (Per Share) Current Market Price Issue Size - Shares (Cr) Issue Size - Amount (Cr)
IIFL Securities LimitedDec 30, 2020Jun 29, 2021Open Market Through Stock Exchange5466.9590
Rane Brake Lining LimitedOct 27, 2020Apr 26, 2021Open Market Through Stock Exchange825703.822
Hindustan Petroleum Corporation LimitedNov 17, 2020May 14, 2021Open Market Through Stock Exchange250221.952500
Sreeleathers LimitedDec 04, 2020Jun 03, 2021Open Market Through Stock Exchange160209.4532

Disclaimer:

  1. An open market offer through stock exchange mechanism remains open for a maximum period of six months. However, if the company achieves its target of the Maximum buyback size before six months, the issue can be closed early.
  2. There is no concept of record date in the open market offer. As the open market buyback window is longer, you can buy the shares from the market and then participate in the buyback offer through your broker.
  3. The buyback does not happen at a fixed price. The transaction can either execute at the maximum buyback price announced by the company or at a price lower than it.