Buyback Financial News

21.08 / 16:19

business Blockchain coinbase bonds Buyback Coinbase sees lukewarm demand for debt buyback, raises offer

Crypto exchange Coinbase has raised the offer on its $150 million debt buyback program after lukewarm demand.

15.08 / 11:51

CEO performer Buyback Home Depot beats Q2 expectations, announces new $15 billion buyback plan

Home Depot (NYSE:HD), a leading home improvement retailer, has reported its second-quarter results today.

15.08 / 01:37

COST UPS Target Progressive CEO Buyback NAB flags higher loan losses, unveils $1.5b buyback

National Australia Bank raked in $1.9 billion in cash earnings over the June quarter, while reporting a “modest” deterioration in the quality of loans and lower margins from home loan competition.

09.08 / 11:11

coinbase Buyback Coinbase Launches $150 Million Corporate Bond Buyback Program- Crypto Bull Market Back?

United States' largest digital asset exchange Coinbase has announced plans to buy back a portion of its corporate $1 billion debt.

08.08 / 17:11

business Blockchain coinbase Buyback Coinbase begins $150M debt buyback at 36% discount

Cryptocurrency exchange Coinbase will begin buying back up to $150 million of its 2031 senior notes for 64.5 cents on the dollar, a discount of 35.5%.

08.08 / 14:53

UPS IPO Reuters Buyback Ant valuation Some global investors skip Ant's buyback after valuation slumps 70% - Bloomberg News

(Reuters) -A number of global investors are opting out of Ant Group's proposed share buyback after the Chinese fintech's valuation was slashed by more than 70%, Bloomberg News reported on Monday.

08.08 / 04:21

UPS Reuters Buyback Ant valuation Global investors skip Ant's buyback after valuation slumps 70%

global investors are opting out of Ant Group's proposed share buyback after the Chinese fintech's valuation was slashed by more than 70%, Bloomberg News reported on Monday. Among the investors not participating in the buyback are Warburg Pincus, Canada Pension Plan Investment Board (CPPIB), Carlyle Group and GIC Pte, Bloomberg said, citing people familiar with the matter.

04.08 / 12:37

Buyback Pantheon International Investec reiterates 'Buy' rating for Pantheon International on £200m share buyback launch

Jie Gong (left) and Helen Steers (right) are the co-managers of the Pantheon International trust.

01.08 / 17:53

Waves BLOCK Aware Platform Software Pool Enterprise Buyback Moglix eyes follow-on round, Esop buyback

Mumbai: B2B e-commerce platform Moglix is in talks with both existing and new investors to secure a secondary round worth $30-35 million. A substantial portion of it will be an employee stock option buyback, said two people aware of the development. The secondary is estimated to be at 15-20% discount to the company’s primary valuation of $2.6 billion.

01.08 / 09:07

UPS Target Reuters HSBC show performer Buyback HSBC announces $2 billion buyback as higher rates raise profit targets: Report

share buyback on Tuesday to raise its key profitability target as the increasing central bank interest rates across the world helped it more than double income for the first half of the year, according to Reuters reports. The financial services company raised its near-term return on tangible equity goal to at least mid-teens for 2023 and 2024, from a previous target of at least 12% from 2023 onwards. It reported a return on tangible equity of 9.9% for 2022.

31.07 / 08:37

UPS Target Progressive Enterprise Buyback Piramal Enterprises shares tank 8% post Q1 results and buyback announcement

Piramal Enterprises tanked 8% to Rs 986 in Monday's trade on BSE after the firm reported its June quarter earnings and Rs 1,750 crore share buyback announcement. For the June quarter, the company posted a profit of Rs 508.78 crore compared with Rs 8,155.47 crore in the year-ago quarter. The company had recorded an exceptional gain of Rs 7,613.96 crore on demerged Pharma undertakings in the year-ago quarter.

29.07 / 05:19

Buyback L&T buyback: Price, acceptance ratio, other details. Should you participate?

L&T buyback 2023: In the history spanning to the tune of eight decades, engineering behemoth Larsen & Turbo (L&T) declared first ever buyback offer in the week gone by. L&T buyback price was announced on Tuesday last week at ₹3,000 per share price. Means, the company would buyback L&T shares from retail investors at ₹3,000 per share price, which is ₹351 per share higher against current L&T share price of ₹2,649 apiece on NSE.

27.07 / 17:55

UPS Provident Platform Compilation Fitch show Buyback Data recap: EPF rates, L&T buyback, GDP estimate

Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. Earlier in the week, major announcements by Larsen & Toubro (L&T) and ITC led to movements in the stock markets. The government approved a hike in the interest rate on employees' provident fund (EPF) to 8.15% for 2022-23.

27.07 / 11:01

UPS Provident Booking performer Buyback L&T share buyback will be fully subscribed: CFO Raman

buyback of shares will be fully subscribed as it offers shareholders around 15% premium to the market price, chief financial officer R. Shankar Raman told Mint in an interview. “If you look at various offers that have been put out, they've been between 15 and 20% premium and our assessment of the market is that it is around 15% premium.

27.07 / 02:01

UPS Target Booking show performer analysts Buyback Analysts raise L&T targets on stellar Q1, share buyback

earnings that saw its order book surpass ₹4 lakh crore for the first time ever. Separately, the company announced a special dividend and a ₹10,000 crore share buyback, prompting analysts to raise their price targets on the stock. Shares of the engineering and construction conglomerate touched a record high of ₹2,673.85 before closing at ₹2,652 on the NSE, up 3.56% from the previous close.

26.07 / 06:07

UPS Target show Buyback week L&T shares jump 4% to 52-week high post Q1, buyback announcement. How to trade now?

Top brokerages Jefferies and Kotak Institutional Equities have come out with their views on the stock. While the former has a 'Buy' stance, the latter recommended 'Reduce', calling the valuation expensive. L&T reported a 46.5% year-on-year (YoY) growth in consolidated net profit for the quarter ended June 2023 to Rs 2,493 crore.

26.07 / 04:25

UPS Target Booking Buyback share price week L&T share price hits 52-week high after strong Q1 results, share buyback announcement

₹2,670.00 apiece on the BSE. The engineering and construction major L&T posted a consolidated net profit of ₹2,493 crore in the first quarter of FY24, higher by 46% than ₹1,702 crore during the corresponding quarter in the previous fiscal year. L&T reported 34% YoY growth in consolidated revenues, reaching ₹47,882 crore from ₹35,853 crore, with international revenues contributing 40% of the total.

25.07 / 21:13

CEO pop Buyback Wells Fargo announces $30 billion buyback, shares rise

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25.07 / 19:13

UPS Provident FIVE Booking Manufacturing Buyback L&T announces first ₹10,000 cr buyback

₹10,000 crore from its public shareholders, the engineering giant’s first such offer in its eight-decade-long history. “We are walking the talk by returning surplus cash to shareholders in our journey to improve the group return ratios over the Lakhshya Strategic Plan period ending FY26," said S.N. Subrahmanyan, chief executive and managing director, L&T.

25.07 / 11:59

UPS Booking Buyback L&T approves Rs 10,000 crore share buyback at Rs 3,000/share

The buyback, to be done at a maximum price of Rs 3,000 per share, will involve 3.33 crore shares or 2.4% of the fully paid-up equity share capital. The buyback price is at a premium of 17% from the current levels. «The Board approved buyback of 3,33,33,333 of its fully paid-up equity shares of face value of Rs 2 each, from the members of the company at a maximum price of up to Rs 3,000 per equity share, subject to any increase to the buyback offer price as may be approved by the board, payable in cash for an aggregate consideration of up to Rs 10,000 crore,» the company said in a filing.

25.07 / 11:45

dividend Buyback L&T Q1 Results: L&T board approves ₹10,000 cr share buyback, special dividend declared; check details

L&T Q1 Results: Infrastructure major Larsen & Toubro (L&T) announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on July 25, reporting a rise of 46.5 per cent in consolidated net profit at ₹2,493 crore, compared to ₹1,702.02 crore in the year-ago period. L&T board also approved a ₹10,000 crore share buyback at upto ₹3,000 per share and a special dividend of ₹6 per share, along with the announcement of quarterly results today.

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