Expected date of Paytm buyback

[ShubhS9]

@Sundar_Mani

Few days back Paytm announced buy back of it’s shares for around 810 rupees per share. Is there any announcement on which date is is going to happen ?

This is an open market buyback and it started on December 21, 2022.

Open market buybacks work differently compared to tender buybacks. Please check this post for detailed information:

Everything you need to know about Paytm buyback

On 13th December, 2022, Paytm announced that its Board of Directors have approved buyback of equity shares aggregating up to Rs. 850 crores through the open market buyback route for not more than Rs. 810 per share. You can check the announcement here What is an open market offer? There are two types of buybacks: tender offer and open market offer. Companies can choose either of these methods to buyback shares from their shareholders. Open-market offer: The company can buy back its shares by …