InvestorQ : Which are the Indian companies that have done the maximum buybacks in the Indian market?
Aditi Sharma made post

Which are the Indian companies that have done the maximum buybacks in the Indian market?

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Mahima Roy answered.
3 months ago
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Buybacks in the Indian context implies purchase of shares of the company and cancelling these shares. In other countries, buybacks can also be done for treasury purposes while in India, such shares have to be extinguished. Here are some major buyback names.

1. Balrampur Chini Mills has done 4 buybacks since 2017. It is already planning another buyback in this year also. It is a good way of rewarding loyal shareholders.

2. Wipro does not need introduction and has been one of the premier buyback names. Even Wipro has done 4 buybacks in the last 6 years, starting from the year 2016. Wipro has always been a free cash surplus company.

3. Aarti Drugs has also bought back its shares 4 times since 2016. It has also been doing its buyback programs through the tender method.

4. TCS did its first buyback in 2017 which was worth Rs.16,000 crore making it the largest buyback till date. It did two more buybacks, one in 2018 and other in Nov-20. All the 3 buybacks were for Rs.16,000 crore each.

There are more names like Infosys and Jagran Prakashan, but these are the prominent 4 names.
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