In FY21, 61 companies offered to buy back shares worth ₹39,295 crore, according to data from Prime Database. In FY21, eight buybacks worth ₹8,949.08 crore, or 23% of the total amount, were offered by public sector undertakings (PSUs). In comparison, there were two buybacks by PSUs worth ₹328.25 crore in FY20 and 11 worth ₹15,988.85 crore in FY19. View Full Image The biggest buyback offers in FY21 were Tata Consultancy Services ( ₹ 16,000 crore) and Wipro ( ₹ 9,500 crore). A rise in buybacks last year was seen as a global phenomenon with companies such as Apple and Berkshire doubling their share buybacks.

Source: Mint May 09, 2021 17:48 UTC