Market Reaction to “Share Buy-Back” of Reliance Industries Limited
Journal Title: International journal of Emerging Trends in Science and Technology - Year 2014, Vol 1, Issue 8
Abstract
Indian corporations currently view share buy-backs as an effective capital management tool that has the potential to increase shareholder value. As a consequence, the level of buy-back activity has intensified in recent years with many corporations engaging in this practice. Share buy-backs were introduced in India in the year 1998. All major corporate have given attention to this concept and today India is a well known face in the financial market for this reason. Companies in India can buy-back their share either through open market route or through tender offer route. Majority of companies have been using the open market route through stock exchange. It was found out that RIL has underperformed the benchmark with poor returns prior to the announcement of buy-back, indicating undervaluation of shares and positive abnormal return in the post announcement indicating signaling effect of share buy-back during 2011-2013. This paper examines the reaction of market on the announcement of share buy-back of RIL.
Authors and Affiliations
M. Harikrishna
Keywords
Related Articles
- EP ID EP221069
- DOI -
- Views 92
- Downloads 0
Determination of Galactomannan by 1HNMR & 13CNMR Method
Random distribution of D-galactose rsidue in side chains of Hibiscus cannabinus mannan has been confirmed by NMR analysis. Purified polysaccharide isolated from H. cannabinus seeds on hydrolysis with M trifluoroacetic ac...
Ne Plus Ultra: Uniform Global Currency (UGC) & Global Monetarism
Are Revolutions a thing of the past? No. Certainly not. This Judgment can be given by anybody who knows that there were 654 Revolutions globally all over the World spanning right from BC 21 to 999 AD to 1900 AD to 2000 A...
LabVIEW Based Phase Noise Performance associated with Microwave Analog Frequency Dividers Application for the Characterization involving Oscillators up for the Millimeter-Wave Range
The phase noise performance involving two different microwave analog frequency dividers we are characterized and compared by the values consumed applying effortless theories of noise with injection-locked systems. your c...
Percentage Taper Variations in Endodontic Files- A Review
Endodontic files were initially standardized with a linear variant percentage of 2% taper. These file system shows a drastic difference in percentage taper which can impair the formation of a smooth confluent root canal...
Routing of Video/Audio Multimedia Live Stream over Wireless Mobile Network
The rapid adoption of smart phones has created a unique opportunity for mobile multimedia services for mobile users. Currently a majority of smart phones are equipped with both hardware that supports real-time video proc...