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Buy Back of shares

This query is : Resolved 
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(Querist)
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,
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Rasesh

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Rasesh (Expert)
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.
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ankit singhal

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ankit singhal (Querist)
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.
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Rasesh

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Rasesh (Expert)
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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