By Associated Management Consultants (P) Ltd. | Published on : March 27, 2013
Issue: IJF-Dec12-Article5-STOCK MARKET BEHAVIOUR AROUND BUYBACK ANNOUNCEMENTS IN INDIA: AN EMPIRICAL JUSTIFICATION FOR PREFERRING THE OPEN MARKET REPURCHASE MODE (10 pages)Add to Wishlist
About this issue: In order to rationalize the capital structure, a landmark legislative adjustment was made in 1998 by making amendments in the Companies Act, 1956 for allowing buyback of shares already issued to the public. Thus, from the year 1999, the new corporate information relating to buybacks started arriving at the stock market in India. This study aims at enquiring about the reaction of the stock market to the buyback announcements for a period of 10 years from 2000-01 and 2009-10 by taking S&P CNX 500 companies in terms of returns among Open Market Repurchases (OMR) and Fixed Price Tenders (FPT). By More
About Indian Journal Of Finance: Indian Journal of Finance, a source of sophisticated analysis of developments in the rapidly expanding world of finance, is a monthly journal with topics ranging from corporate to personal finance, insurance to financial economics and derivatives.
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