Share Buyback from Firms in India: A Cross Sectional Study of Stock Market Reaction
Anushka Gupta
Anushka Gupta, Indian Institute of Technology (IIT) Goa, India.
Manuscript received on 22 April 2021 | Revised Manuscript received on 5 May 2021 | Manuscript Accepted on 15 May 2021 | Manuscript published on 30 May 2021 | PP: 21-25 | Volume-1 Issue-1, May 2021 | Retrieval Number:100.1/ijef.A1004051121
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© The Authors. Published by Lattice Science Publication (LSP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: This study examines the effect or impact of the buyback, initiated by Indian companies, on their fundamentals reflected in their financial efficiency, shareholdings, and market prices. Research limitation: Time frame is taken only for 3 years and the analysis of post buyback is of the company’s financial is done only for a year. The originality of the study: The sample companies for this study would be selected foremost, from those having existed for a minimum of 20 years and simultaneously with a buy-back offer that is less than 10% of the paid-up capital of the company.
Keywords: Share buyback, Earning per share, Shareholders and holding, Capital restructuring.