Welspun Living has approved a Rs 252 crore share buyback through the tender route at Rs 175 per share, a premium of more than 30% over the previous closing price. The company will buy back 144 lakh fully paid-up shares, representing 6.52% of its equity and 5.65% of free reserves. The record date is May 22, with DAM Capital Advisors managing the process. The announcement came alongside weak Q4FY26 results: profit fell 21% to Rs 104 crore.
Zydus Lifesciences shares surged nearly 6% after the company said its board will meet on May 19 to consider a share buyback. The rally also drew steam from its plan to acquire US-based Assertio in a deal valued at about $166 million. Investors cheered the mix of potential capital return and growth through strategic expansion.
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Onward Technologies has approved a Rs 180 crore share buyback, repurchasing nearly 5.49 lakh shares at Rs 328 each, a 20% premium. This is the company’s first-ever buyback, with May 18 set as the record date. Promoters will not participate, and Centrum Broking has been appointed as the buyback manager.
Bajaj Auto has announced its biggest share buyback, worth Rs 5,633 crore, priced at Rs 12,000 per share—a premium for existing shareholders. The offer includes a reserved portion for retail investors and promoters are reportedly not participating, which could impact who gets shares. The move also reflects management confidence in cash generation, but investors should wait for the record date and letter of offer before deciding.
SEBI is proposing major changes to India’s share buyback framework. Open market buybacks are set to return, while the mandatory role of merchant bankers may be scaled back. The regulator also plans tighter safeguards around promoter shareholding and minimum public shareholding. The overall goal is to simplify buyback execution while strengthening investor protection.
Sony expects its profit to rise 11% to 1.6 trillion yen by March 2027, even as it forecasts lower sales in its gaming business. The outlook hinges on strong software releases that can lift margins, alongside a share buyback plan of up to 500 billion yen. Investors are also weighing memory price spikes, chip costs, and supply chain risks.
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Citigroup is betting on a major turnaround, setting 2027 to 2028 adjusted return on tangible common equity targets of 11 to 13 percent. CEO Jane Fraser tied the goals to a company wide overhaul and announced a $30 billion share buyback, aiming to strengthen consistency and expand organic growth, especially in wealth management.
Bajaj Auto has approved a Rs 5,633 crore share buyback through the tender route at Rs 12,000 per share, alongside a Rs 150 dividend. The announcement comes with strong Q4 numbers, where profit rose 34% and revenue grew 32%, supported by higher volumes, stronger exports, and improved margins.
Bajaj Auto is set to announce a share buyback alongside its Q4 FY26 results, and investors will focus on the announced buyback size, price, and timeline. The announcement follows earlier buybacks executed at strong premiums. Meanwhile, the stock is trading above prior buyback levels, reflecting ongoing gains as markets await the new terms.
SanDisk says its latest quarter benefited from the AI boom, driving a sharp jump in revenue and profit. The company also locked in long-term contracts worth at least $42 billion, aiming to protect margins from volatile pricing. Adding to the upbeat outlook, SanDisk plans a major $6 billion share buyback program.
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Apple shares jumped as the company reiterated a stronger outlook, backed by a sweeping $100 billion share buyback. The move aims to reassure investors during a leadership transition and as competition in artificial intelligence accelerates. Market reaction suggests traders are focusing less on near-term uncertainty and more on confidence in product demand.
Wipro plans a share buyback at Rs 250 per share, pricing above the current market level. The bigger surprise is the timing: from April 1, 2026, buyback proceeds will be treated as capital gains under new tax rules. That shift can make tendering shares more tax-efficient than selling in the open market for both promoters and non-promoters.
Bajaj Auto says its board will meet on May 6, 2026 to consider a share buyback proposal. If approved, the company plans to return surplus cash to shareholders, following the Companies Act, 2013 and Sebi’s buyback regulations. The decision could significantly shape investor sentiment ahead of the board’s ruling.
Domino’s Pizza fell short of first-quarter same-store sales estimates as inflation and economic uncertainty tightened budgets for many Americans. Rising food costs are driving consumers toward at-home meals, pressuring restaurant chains that rely on discretionary spending. Despite the weak results, Domino’s announced a $1 billion share buyback program, signaling confidence while demand shifts.
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Wipro has announced a Rs 15,000 crore share buyback at Rs 250 per share, set at a premium of over 25% to the previous closing price. Brokerages say retail investors should participate, estimating potential net returns of 8-14% within 2-3 months, supported by traditionally high acceptance ratios in similar buyback offers.
Wipro reported a 2% YoY dip in March-quarter net profit to Rs 3,502 crore even as revenue climbed 8% to Rs 24,236 crore. The IT services business grew sluggishly, with revenue up just 0.6% sequentially. Amid cost pressure and declining operating margins, Wipro approved a Rs 15,000 crore share buyback, aiming to reassure investors.
The Income Tax Department has clarified that capital gains from share buybacks will attract a new 12% surcharge for promoters, introduced under the Finance Bill 2026. For non-promoter shareholders, the surcharge treatment remains tied to their normal income-based rules. The clarification aims to standardize how buyback transactions are taxed across categories.
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