Buy Back of shares
This query is : Resolved
08 September 2010
Respected Members,
Can a listed Company buy back its shares from a private investor at a future date.
please share your views.
Thanks & Regards,
Can a listed Company buy back its shares from a private investor at a future date.
please share your views.
Thanks & Regards,
08 September 2010
A Listed Company cannot do so. However, another option is for the promoter to buy out the private investor at a future date through an share purchase agreement.
08 September 2010
thank you so much
But can a promoter of a listed company do so and please provide the the authority from where i can get the detaied information.
But can a promoter of a listed company do so and please provide the the authority from where i can get the detaied information.
08 September 2010
Yes. The Promoter can do so. The agreement would be in the nature of agreement for first right of refusal.
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