What is Buyback of shares?
A buyback of shares is a corporate strategy where a company buys back its shares from its shareholders at a value typically higher than the ongoing market rate. Companies often resort to a buyback when they perceive their shares are undervalued and trading below their potential worth. Once the company acquires these shares, they're deducted from the public circulation and may be reissued later on. Executing a buyback can elevate the company's Earnings Per Share (EPS), making it more enticing for potential investors.
To delve deeper into how you can participate in a buyback via FYERS, please refer to this article.
Related Articles
Why am I encountering an 'Invalid quantity' error when applying for a Buyback of shares on FYERS?
This specific error crops up when the quantity you bid for exceeds the quantity of shares you currently possess. For example, Mr. Anuj, a client at FYERS, has 10 shares of TCS in his holdings. Eager to participate in the Buyback, he mistakenly bids ...
Is online application possible for share Buyback on FYERS?
Absolutely! On FYERS, you can seamlessly apply online for a share buyback, given you possess the relevant shares in your Demat account by the crucial record date. The entire online tendering procedure is streamlined for your convenience. For a ...
How do I apply for a Buyback on FYERS?
Applying for a Buyback on FYERS is a straightforward process. Here's how you can do it: Log in to 'My Account': Upon logging in, you'll find the 'Corporate Actions' option. For reference, see the mentioned image. Navigate to 'Buyback': In 'Corporate ...
Why did my Buyback application fail on FYERS?
Typically, if you held shares of the company offering a buyback in your Demat account by the designated record date, your application should proceed without hitches. However, if you encounter the 'Failed to Apply' error, there might be an underlying ...
Why am I seeing the 'Not enough quantity' error during my Buyback share application on FYERS?
This particular error occurs when there's lack of shares in your Demat account of the company offering Buyback. The system verifies that you had the relevant shares in your Demat account on or before the record date for the Buyback. In simple terms, ...