TY - GEN AU - SHERAWAT, SANDEEP TI - Impact of shares buyback on equity shareholder's value PY - 2013/// KW - STOCK MARKET N2 - Buyback of shares has become a common practice in the financial market. It is often resorted to manipulate the share prices, increase the promotores' shareholding, invest the company's excess cash and to restrict dividend to the equity shareholders. This article seeks to examine the turbulence that arises from the change in earning per share (EPS) as a result of the buyback of shares. The relevant variables and their impact on the buyback of shares are also examined ER -