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Merchant Banking & Capital Market

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.