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45 companies buy back Rs 48,000-cr shares in one year

Money Control

Money Control · 1y ago

45 companies buy back Rs 48,000-cr shares in one year

Indian companies have been active in the buyback market, with 45 firms buying back shares worth INR 47,932.27 crore ($6.7bn) over the past year, according to data from Prime Database. Tata Consultancy Services spent roughly INR 17,000 crore on buybacks in the final quarter of 2022, while Wipro and Larsen & Toubro bought back INR 12,000 crore and INR 10,000 crore-worth of shares respectively. Of the 45 companies, nearly half have seen their stock prices rise above the buyback price, while others, including Tips Industries, Symphony and Aarti Drugs, are trading below that level.

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Related News

TTK Prestige announces share buyback at Rs 1,200 per share to raise up to Rs 200 cr

Money Control

Money Control · 1y ago

TTK Prestige announces share buyback at Rs 1,200 per share to raise up to Rs 200 cr

TTK Prestige has announced a share buyback plan to raise up to Rs 200 crore. The company plans to buy back 16.67 lakh shares at a price of Rs 1,200 per share. This represents 1.2% of the company's total paid-up equity shares. The record date for the buyback has been set as August 14, 2024, and further details will be released in accordance with the Buyback Regulations. Inga Ventures Private Limited has been appointed as the Manager for the proposed buyback.

Nvidia bets $25 billion that AI boom is far from over

Economic Times

Economic Times · 2y ago

Nvidia bets $25 billion that AI boom is far from over

The company's sales forecast on Wednesday blew past Wall Street's expectations and it said it would buy back another $25 billion of its shares, a move most companies make when their leadership thinks the company is undervalued. Nvidia's stock price, though, has more than tripled this year and was set to hit an all-time high after Wednesday's results.

Kalaari, Iron Pillar offload Bluestone stakes worth Rs 443 Cr in 2024

Entrackr

Entrackr · 4m ago

Kalaari, Iron Pillar offload Bluestone stakes worth Rs 443 Cr in 2024

Bluestone Jewellery and Lifestyle facilitated secondary share transactions worth Rs 443 crore between February and September 2024, allowing early investors to partially exit and late-stage institutional funds to enter ahead of its upcoming IPO, according to its Red Herring Prospectus (RHP). Iron Pillar Fund and Kalaari Capital offloaded part of their stake to 360 One, Peak XV, and Steadview Capital via off-market deals. In February 2024, Iron Pillar sold 3.26 lakh shares to 360 One Large Value Fund for Rs 103 crore, valuing Bluestone at Rs 3,149 per share. In September, Kalaari executed two back-to-back secondary sales, where on September 02, it transferred 4.07 lakh shares to Peak XV Partners for Rs 220 crore, and later on September 26, it sold 2.22 lakh shares to Steadview Capital for Rs 120 crore. Both deals were priced at Rs 5,403 per share. These secondary transactions were already disclosed in the company’s DRHP filed in December 2024. Bluestone is reportedly targeting a valuation of around Rs 7,800 crore in its upcoming initial public offering (IPO). In the updated RHP, Bluestone revised its IPO size, where it trimmed the fresh issue to Rs 820 crore from Rs 1,000 crore, and reduced the Offer for Sale to 1.39 crore shares from 2.4 crore shares. Investors including Accel, Saama Capital, Kalaari Capital, Iron Pillar, and Sunil Kant Munjal (Hero Enterprise) are part-exiting via the public offer. Founded in 2011 by Gaurav Singh Kushwaha, Bluestone operates 275 stores across over 80 cities and reported Rs 1,770 crore in revenue in FY25, a 40% YoY jump. At the same time, its losses widened 56% to Rs 218 crore. The IPO opens on August 11, with anchor bidding on August 8. Axis Capital, Kotak Mahindra Capital, and IIFL Capital are managing the issue.

SpaceX can block workers from stock sale over 'dishonesty': Report

Inshorts · 1y ago

SpaceX can block workers from stock sale over 'dishonesty': Report

Elon Musk's SpaceX can stop former or current employees from selling shares if deemed to have committed "an act of dishonesty against the company", TechCrunch reported. The company can also buy back the vested shares within a six-month period after an employee quits, the report added. Employees often aren't aware of the 'dishonesty' condition initially, one former employee said.

ITC Hotels shares at Rs 230? 3 reasons why Ambit Capital is bullish on this stock

Business Today

Business Today · 9m ago

ITC Hotels shares at Rs 230? 3 reasons why Ambit Capital is bullish on this stock

ITC Hotels shares, priced at Rs 170.30, have risen 4.20% over two weeks, outperforming a 0.45% drop in the BSE Sensex. Ambit Capital rates the stock as 'Buy,' with a target of Rs 230, predicting a 35% upside based on a one-year forward EV/Ebitda of 26 times. ITC Ratnadipa Hotel is projected to contribute 5% to FY28 revenue. Weddings and retail MICE are 80% of F24 revenue, up from 60% in FY20.

Swiggy allots shares worth Rs 30 Cr under ESOP scheme

YourStory

YourStory · 10m ago

Swiggy allots shares worth Rs 30 Cr under ESOP scheme

Swiggy announced the allotment of 8.64 lakh equity shares under the Swiggy ESOP Plan 2021, totaling over Rs 30 crore based on the stock's NSE closing price of Rs 355. This follows a recent allotment of 1.71 crore shares under its ESOP 2015 and ESOP 2021 programs. Including a previous allotment in January, Swiggy has issued 5 crore shares this year. This move aligns with similar strategies by companies like Nykaa and Paytm.

Docon offloads 10% stake in Thyrocare for Rs 668 Cr

Entrackr

Entrackr · 2m ago

Docon offloads 10% stake in Thyrocare for Rs 668 Cr

Docon Technologies Pvt Ltd, a promoter entity of Thyrocare Technologies, has sold 53.33 lakh equity shares representing around 10% of the company’s total paid-up capital through open market transactions on October 24, 2025. The sale was valued at Rs 667.7 crore at an average price of Rs 1,252 per share, according to a stock exchange filing. Following the transaction, Docon’s shareholding in Thyrocare has come down from 71% to 61% and continues to remain a promoter of the diagnostics chain with 3.2 crore shares. The block sale saw strong participation from domestic mutual funds. Among the key buyers were ICICI Prudential Mutual Fund, which purchased 17.49 lakh shares worth Rs 218.9 crore, and Aditya Birla Sun Life Mutual Fund, which picked up 10.33 lakh shares for Rs 129.3 crore. Other prominent investors included HSBC Mutual Fund Midcap Fund (6.66 lakh shares for Rs 83.4 crore), HDFC Mutual Fund (4.44 lakh shares for Rs 55.5 crore), and Eastspring Investments India Consumer Equity Open Limited (3.19 lakh shares for Rs 40 crore). The stake sale comes on the back of leadership transition within the PharmEasy-Thyrocare group. In August 2025, PharmEasy’s co-founder and CEO Siddharth Shah stepped down from his executive role to become the company’s Vice Chairman, while Thyrocare’s chief Rahul Guha was elevated as the new MD and CEO of API Holdings, the parent entity of PharmEasy and Thyrocare. Guha continues to lead Thyrocare alongside his expanded responsibilities at API. Thyrocare recently announced its financial numbers for the second quarter of the ongoing fiscal year FY26, posting a strong performance in the quarter. The company’s revenue from operations grew 22% year-on-year (YoY) to Rs 216.5 crore in Q2 FY26 from Rs 177.36 crore in Q2 FY25. Thyrocare’s profit jumped 81% YoY to Rs 47.9 crore in Q2 FY26, compared to Rs 26.4 crore in the corresponding quarter last year. For the first half of FY26, the company recorded a net profit that grew 71% to Rs 86.1 crore from Rs 50.4 crore in H1 FY25.

Swiggy expands ESOP pool with Rs 150 Cr fresh grant

Entrackr

Entrackr · 5m ago

Swiggy expands ESOP pool with Rs 150 Cr fresh grant

Swiggy expands ESOP pool with Rs 150 Cr fresh grant Food delivery and quick commerce platform Swiggy has rolled out fresh employee stock option (ESOP) grants worth Rs 150 crore ($17.5 million). Swiggy Limited has granted 38.86 lakh stock options under its ESOP 2024 plan, according to filings with the NSE. At the current market price of Rs 385.3 per share, the grant is valued at around Rs 150 crore. As per the disclosure, the stock options have an exercise price of Rs 1 each and convert into one fully paid-up equity share upon vesting. They can be exercised anytime after the vesting period until the company’s liquidation. The development comes a month after, when Swiggy entered the travel concierge and lifestyle management space with a new app called Crew. Entrackr has exclusively reported the development. In April this year, the Bengaluru-based company announced fresh employee stock options under its ESOP plan 2024 for eligible employees worth Rs 443.4 crore (around $52 million). Swiggy’s losses surged 95% year-on-year to Rs 1,081 crore in the fourth quarter of FY25, even as revenue rose 45% to Rs 4,410 crore. For the full fiscal year, the company reported Rs 15,227 crore in revenue. In contrast, rival Zomato remained profitable with Rs 39 crore during the last quarter of the previous fiscal year (Q4FY25), while Zepto narrowed its losses to Rs 1,248 crore in FY24. At the close of trading on Friday (July 11, 2025), Swiggy’s shares were priced at Rs 385.3, and the company had a market capitalization of Rs 96,080 crore (around $11.3 billion).

IndiaMART to invest up to Rs 14.28 Cr in Mobisy Technologies

YourStory

YourStory · 1y ago

IndiaMART to invest up to Rs 14.28 Cr in Mobisy Technologies

IndiaMART is set to acquire shares in Mobisy Technologies Private Limited for up to Rs 14.28 crore. As part of the deal, IndiaMART will buy equity shares and Compulsory Convertible Preference Shares (CCPS) from an existing investor. This acquisition aligns with IndiaMART's strategy of expanding its SAAS-based solutions for businesses. Mobisy Technologies, known for its retail intelligence platform Bizom, generated Rs 78.6 crore in turnover during FY24. IndiaMART's shareholding in Mobisy will increase to approximately 31.33% following the investment.

Samsung Electronics to cancel $2.11 billion worth of own shares

Economic Times

Economic Times · 10m ago

Samsung Electronics to cancel $2.11 billion worth of own shares

Samsung Electronics plans to cancel 3.05 trillion won ($2.11 billion) of its own shares, initially acquired to boost shareholder value. Additionally, the company intends to buy back 2.7 trillion won worth of common shares and 304 billion won of other shares from February to May to elevate shareholder value and support employees. This decision follows their announcement to repurchase 10 trillion won in shares over a year, after underperforming against competitors like SK Hynix.

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