Buyback is a tool in the hands of the managements of cash rich companies for enhancing the intrinsic worth of shares by cutting the flab of floating stock and defense against hostile takeover attempts.
CCIL offers following services during Management of Buyback Offers:
- Advising in finalization of size and type of the offer
- Compliance of all due-diligence formalities
- Preparation of Offer Documents
- Obtaining statutory and other approvals required in connection with the issue.
- Co-ordination with various intermediaries for successful completion of the issue.
- Completion of Post-issue formalities
- Assisting in preparing various agreements and compliance communications