Promoters participation in buy back of shares
This query is : Resolved
Gagan Deep Singh
(Querist)
26 August 2018
Is there any restriction on participation of promotes on buyback of shares under Companies Act 2013?
CA R SEETHARAMAN
(Expert)
27 August 2018
A buyback allows companies to invest in themselves. Reducing the number of shares outstanding on the market increases the proportion of shares owned by investors. A company may feel its shares are undervalued and do a buyback to provide investors with a return.
Promoters has to buy share in the open market.
Promoters has to buy share in the open market.
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