In terms of buyback offers which opened in 2013-14, there were 32 such offers in the past financial year offering to buy shares worth 11,380 crore.

Out of 32 share repurchase programme, 23 of these offers have closed till now and the amount targeted to raise through these 23 offers was 5,274 crore and the acquired sum was 4,267 crore.

Moreover, nine offers are still presently open, the largest of which is the Cairn India buyback offer for 5,725 crore.

The nine whose offers are still open would have to complete their buyback plans within a period of six months from date of opening their offer and it would also be mandatory for these firms to repurchase at least 50 per cent of the offers, under the new norms issued by the market regulator Sebi in August, 2013.

In addition, 15 delisting offers to the tune of 1,211 crore were made in 2013-14, of which 12 offers worth 1,170 crore were successful, while for the remaining three the status is still unknown.

Delisting is considered successful if acquirers manage to raise their holding to 90 per cent in a firm.