'Buy-back strategy' is nowadays being adopted by leading corporate bodies. Mention one case that has happened recently specifying the benefits of buy-back?

Buy-back of securities is one kind of Internal restructuring that may bring economy in the cost of service towards shareholders, to enhance the future Earnings Per Share (EPS), prevent unwelcome takeover bids and enhance the consolidation of stake in the company. It is an alternative mode of reduction in capital without requiring approval of the National Company Law Tribunal. Corporate giants like Infosys Ltd., Wipro, TCS etc., also resorted to buy-back of securities. The Buyback aims at improving the return on equity through distribution of cash thereby leading to long term increase in members' value. Some of the most important advantages of buyback of shares are as follows: Companies possessing large free reserves base and are willing to use funds to purchase or acquire shares and other securities under the buyback scheme, can use their funds in a wise and effective manner. Buy back of shares and securities helps the promoters to formulate an effective defensive strategy against hostile takeover bids. Buyback of shares and securities results in lower capital base, enhances post-buyback earning per share and appreciates considerably the price-earnings ratio. The Buyback is undertaken after taking into account the strategic and operational cash requirements of the Company in the medium term and for returning surplus funds.