1) A buyback of shares refers to a company repurchasing its own outstanding shares from investors in order to reduce the number of shares available on the market.
2) Companies buy back shares to increase the value of remaining shares by reducing supply, or to prevent hostile takeovers by shareholders seeking control.
3) Legal regulations in India require companies to follow procedures such as board resolutions, public announcements, and time periods when conducting a share buyback.
Why do listed companies buyback common equity? - some analysis from IndiaNeoNell
This presentation highlights the results of a study that attempts to understand why companies repurchase their shares. Traditional schools of thought on this issue, such as return of excess cash, market signalling..etc do NOT seem to be able to explain buyback decisions and corporate behaviour. The author presents his own hypothesis on why firms buyback listed equity and the data seems to support the author's hypothesis.
Why do listed companies buyback common equity? - some analysis from IndiaNeoNell
This presentation highlights the results of a study that attempts to understand why companies repurchase their shares. Traditional schools of thought on this issue, such as return of excess cash, market signalling..etc do NOT seem to be able to explain buyback decisions and corporate behaviour. The author presents his own hypothesis on why firms buyback listed equity and the data seems to support the author's hypothesis.
Introduction and Accounting for Buy-back of Shares in India as per the Companies Act 2013 and other rules.
It will be useful for the students of B. Com., B.Com.(H), CA, CS and other professional courses, studying Corporate Accounting.
This is a short presentation on Buyback and delisting backed by some instances.I hope this would help a lot in understanding the basic concept.In fact this phenomenon is lot more observed these days and it's important to know the basic facts behind this.
Introduction and Accounting for Buy-back of Shares in India as per the Companies Act 2013 and other rules.
It will be useful for the students of B. Com., B.Com.(H), CA, CS and other professional courses, studying Corporate Accounting.
This is a short presentation on Buyback and delisting backed by some instances.I hope this would help a lot in understanding the basic concept.In fact this phenomenon is lot more observed these days and it's important to know the basic facts behind this.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
2. Buy Back ?
The repurchase of outstanding shares (repurchase) by a
company in order to reduce the number of shares on the
market. Companies will buyback shares either to increase the
value of shares still available (reducing supply), or to eliminate
any threats by shareholders who may be looking for a
controlling stake.
A buyback is a method for company to invest in itself since
they can't own themselves. Thus, buybacks reduce the number
of shares outstanding on the market which increases the
proportion of shares the company owns.
3. Legal aspect of share buy back In India
• The provisions regulating buy back of shares are contained in
Section 77A, 77AA and 77B of the Companies Act,1956.
• These were inserted by the Companies(Amendment) Act,1999.
• The Securities and Exchange Board of India (SEBI) framed
the SEBI (Buy Back of Securities) Regulations,1999 and the
Department of Company Affairs framed the Private Limited
Company and Unlisted Public company (Buy Back of
Securities) rules,1999 pursuant to Section 77A(2)(f) and (g)
respectively.
4. Objectives
• To increase promoters holding
• Increase earning per share
• Rationalize the capital structure by writing off capital not
represented by available assets.
• Support share value
• To thwart takeover bid
• To pay surplus cash not required by business
• In fact the best strategy to maintain the share price in a bear run
is to buy back the shares from the open market at a premium
over the prevailing market price.
5. Method of Buy back of the shares
The securities can be bought back from
• existing security-holders on a proportionate basis; Buyback of
shares may be made by a tender offer through a letter of offer from
the holders of shares of the company or
• the open market through
– book building process;
– stock exchanges or
• odd lots, that is to say, where the lot of securities of a public
company, whose shares are listed on a recognized stock exchange,
is smaller than such marketable lot, as may be specified by the
stock exchange; or
• purchasing the securities issued to employees of the company
pursuant to a scheme of stock option or sweat equity.
6. Procedure
• Where a company proposes to buy back its shares, it shall, after
passing of the special/Board resolution make a public
announcement at least one English National Daily, one Hindi
National daily and Regional Language Daily at the place where the
registered office of the company is situated.
• The public announcement shall specify a date, which shall be
"specified date" for the purpose of determining the names of
shareholders to whom the letter of offer has to be sent.
• A public notice shall be given containing disclosures as specified in
Schedule I of the SEBI regulations.
• A draft letter of offer shall be filed with SEBI through a merchant
Banker. The letter of offer shall then be dispatched to the members
of the company.
7. continue…
• A copy of the Board resolution authorizing the buy back shall
be filed with the SEBI and stock exchanges.
• The date of opening of the offer shall not be earlier than seven
days or later than 30 days after the specified date
• The buy back offer shall remain open for a period of not less
than 15 days and not more than 30 days.
• A company opting for buy back through the public offer or
tender offer shall open an escrow Account.
8. Penalty
• If a company makes default in complying with the provisions
the company or any officer of the company who is in default
shall be punishable with imprisonment for a term which may
extend to two years, or with fine which may extend to fifty
thousand rupees, or with both. The offences are, of course
compoundable under Section 621A of the Companies
Act,1956.
9. Issue of further shares after Buy back
• Every buy-back shall be completed within twelve (12) months
from the date of passing the special resolution or Board
resolution as the case may be.
• A company which has bought back any security cannot make
any issue of the same kind of securities in any manner whether
by way of public issue, rights issue up to six(6) months from
the date of completion of buy back.
10. SHARE BUY-BACK: ADVANTAGES
It could enable a company to achieve its desired capital structure
more quickly or facilitate a major restructuring.
It could avert a hostile takeover bid by reducing the number of
shares in circulation
Market generally interprets buy-back as a positive aspect
Shareholders have a choice of deciding whether or not to receive
the payout by selling or holding their shares, unlike a dividend
payout.
Returning excess cash by way of a share buy-back gives a
company greater flexibility with regard to it’s dividend policy
11. SHARE BUY-BACK: LIMITATIONS
Re-purchase of it’s own shares may conversely have a negative
signaling effect.
Management may not seek to utilize any existing excess cash
effectively
Possible mismanagements may arise if-
• Too high a price is paid for the re-purchased shares or if
• Cash resources are eroded to the level that could give rise to a risk
of insolvency.
A return of funds by way of a share buy-back is less certain than
an annual dividend stream.