Is Paytm, Infosys Buyback Plan In Line With Shareholders' Interests?

So far this year, 51 companies have announced buybacks worth Rs 375.2 billion.

Buyback activity has been buzzing for a long time. So far this year, 51 companies have announced buybacks worth Rs 375.2 billion (bn).

This compares with 42 companies announcing buybacks in 2021 and amounting to Rs 143.4 bn, according to data furnished by PRIME Database.

One of the main reasons for the increase in buybacks is the fall in valuations.

So, to instill confidence in investors and return value to them while still making prudent use of funds, management of many companies are choosing buybacks.