Indian Toners & Developers Buyback 2024 vs Jai Corp Buyback 2024

The Buyback is being undertaken for the following reasons:

1. The buyback will help the company return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding.
2. The buyback consists of up to 15% reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit many public shareholders who would be classified as "small shareholders".
3. The buyback may help in improving financial ratios like return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
4. The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.