What is the maximum percentage of shares that can be bought back? is it 25% or 15%
What percentage has to be taken while calculating the three tests to determine maximum number of shares that can be bought back?
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Buyback of shares
Replies (4)
25 percent is maxiamum
Are you sure with this? i was asking this because in rtp they've told that max no of shares that can be bought back is only 15%. So bit confused....Thanks for replying.
Please note that max permissible buy back is 25%. However this buy back can happen in different ways (for ex., open market, odd lots, etc). The open market buy back is restricted to 15% for listed companies.
All the best
K Shriram
Thanks for your explanation Shriram....really expected such an explanation!! Finally my doubt got clarified.
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