As per the guidelines, CPSEs having net worth of at least Rs 2,000 crore and cash and bank balance of above Rs 1,000 crore have to mandatorily go in for share buyback.
In July, HCL Technologies had announced a Rs 4,000 crore buyback programme for FY19 at a price of Rs 1,100 per equity share
In a regulatory filing on 18 August, L&T had said that "the board of directors will consider a proposal for buyback of equity shares of the company, at its meeting to be held on Thursday, 23 August, 2018".
Mphasis buyback, which will be subject to the approval of shareholders by way of a special resolution and other statutory approvals, will also see participation from the promoter who has 52.36 percent shareholding.
Earlier this month, the TCS board had approved a proposal to buy back up to 7.61 crore shares or 1.99 percent of the total paid-up equity share capital at Rs 2,100 a share.
Govt had 57.02 percent in EIL prior the launch of the Rs 658.80 crore share buyback on 25 July
Share buybacks typically improve earnings per share and return surplus cash to shareholders.
As of 31 December, 2016, Infosys had $4.5 billion in cash and investments on its books
TCS has a cash pile of Rs 43,100 crore on its book, accounting for 9 percent of its market capitalisation
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NMDC's buy-back of up to 25 percent of its own shares will raise as much as Rs 7,530 crore for the government which owns four-fifths of the company
OnePlus offering buyback schemes up to Rs. 16,000 in association with Amazon and ReGlobe.
OnePlus begins rolling out the offers starting from 30 November and will be tying up with ReGlobe for the same.
Samsung Electronics launches $9.9 bn buyback outlay to rev up stock price amid slowing smartphone sales
Samsung said it also plans to give shareholders 30% to 50% of its free cash flow over the next three years, primarily through dividends
: US drugmaker Pfizer is to continue buying back stock, with the board authorizing a new $11 billion share repurchase plan, deflating expectations that it will make a new bid for AstraZeneca.
The regulator, in its order, has imposed "a consolidated penalty of Rs 1.03 crore on Apollo Tyres Ltd...for the failure to comply with Sebi (Buy Back of Securities) Regulations."<br />
The largest buyback included that of JBF Industries which spent nearly 99.63 percent of the Rs 73.50 crore it had fixed under its buyback plan. The diversified business conglomerate had begun its buyback programme on September 4 and closed it on September 27, 2013.
To safeguard the interest of public shareholders, Sebi's board today approved making it mandatory for the companies to buyback at least 50 percent of their repurchase offers.