Buyback of Shares in India - Hardcover

Chakraborty, Tanupa

Hardcover

ISBN 10: 8177081616 ISBN 13: 9788177081619

Publisher: New Century Publications, 2008

Synopsis

The buyback of shares by companies is a relatively new concept in India. There are several reasons as to why a company might buyback its own shares: (a) it gives the company flexibility to make adjustments in the capital structure, (b) the company can boost operating profits and earning per share, (c) it deters an impending takeover bid, (d) the company can correct perceived undervaluation of its shares, and (e) it can arrest downward trend in shares prices. In view of these benefits, the introduction of buyback in the corporate sector of India has found favor with the regulatory authorities and received favorable response from the Indian companies. This book examines a number of relevant issues concerning buyback of shares by companies in India, including a comprehensive review of the theory underlying buyback operations, legislative provisions governing share buyback, accounting and reporting aspects of buyback, and buyback provisions and practices prevailing in other parts of the world.

About this title

About the Author

Tanupa Chakraborty is Lecturer in the Department of Commerce, University of Calcutta.

Edition details

• Publisher: New Century Publications
• Publication date: 2008
• Language: English
• ISBN 10: 8177081616
• ISBN 13: 9788177081619
• Binding: Hardcover
• Number of pages: 227