Buybacks |
Buyback is a
tool in the hands of the managements of cash rich
companies for:-
- Enhancing the intrinsic worth of shares by
cutting the flab of floating stock
- Making the company closely held and getting
the same delisted
- Defense against hostile takeover attempts
- The procedure for buyback involves
compliance of the provisions of Company Law and
SEBI Regulations.
The Buyback process starts with the company
executing an MOU with Merchant Banker. The Due
Diligence exercise is carried out in accordance with
the relevant SEBI Rules/Regulations/Guidelines and
the Public Announcement and offer document are
prepared.
Team Members of D&A have handled various
Buyback offers as associates of Manager to the
Offer.
|
