buy back

This query is : Resolved 

14 February 2009 hi,sir i am anurag upadhyay.i want to know about buy back.how buy back inhance pe ratio and eps.and how it increases the promoter stake.i am waiting for reply. my email id is visionaryanurag@gmail.com thanks and take care

15 February 2009 Hi,

The buyback reduces the Equity Share Capital of the company.

It does not increase promoters stake.

The EPS will increase for the simple reason-- The numerator factor of "Number of Equity Share Outstanding" in EPS formulae get reduced.

I hope you are clear with this.

rgds,

CA Paresh Kothari
+91 9422733009


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