The shares of Welspun Living and CMS Info Systems will trade ex-record date for their respective share buybacks cumulatively worth Rs 420 crore, with investors now awaiting details such as entitlement ratios, offer window and more.
Share buyback refers to a corporate action where a company repurchases its own shares from existing shareholders, mostly at a premium to the market price. Only those shareholders who hold the shares of the companies in their demat accounts as on the record date will be eligible to tender shares in the offers.
