Buyback alert! 4 stocks turning ex-record dates for share buybacks in next two weeks. Check details – Buyback Clock Ticks

Software outsourcing company Onward Technologies last week announced that its board of directors has approved the proposal to buy back nearly 5.49 lakh shares at a buyback price of Rs 328 apiece, implying a premium of nearly 21% from the previous closing price. The company announced that the Rs 18 crore buyback will be done through the tender route on a proportionate basis for 2.41% of its total stake. It further said that promoters and promoter group will not participate in the buyback. Onward Technologies set May 18 (Monday) as the record date to determine the eligibility of shareholders who can tender shares as part of the buyback. The company appointed Centrum Broking as the manager of the buyback. Notably, this will be Onward Tech’s first-ever share buyback.