alleryStart learning →The first firm to use a Dutch auction repurchase did so in which year?
A1991
B2001
C1971
D1981
Answer & Solution
Correct answer: D. 1981
Todd Shipyards pioneered the Dutch auction repurchase in 1981.
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Under Section 68, specified securities includeAfter a buy-back, a remaining investor's proportionate ownershipThe details of the transfer to capital redemption reserve are to be disclosed in the40,000 shares of face value Rs 5 are bought back at Rs 9. Equity share capital is debited Which can absorb the premium paid on a buy-back?Shares that a company has bought back areWithin six months after a buy-back, a company may still make aThe register of bought back shares is kept at the company's