By this time you must have understood some of the basic Bterminology used in business stories. But, still few major jargons are left, which you should know, if you really want to understand business news. This time I will try to explain few other terms used in such news. Read on. Buyback of Shares As the name suggests, buyback of shares refers to the situation where the company buys back its own shares with its own capital. As a result of this, the equity capital of that particular company reduces. The company's act does not allow the company to reissue these shares again. This also reduces the floating stock of company's shares in the market. At consequently the earnings get spread over the reduced capital. The buyback of shares by a company is usually announced at rates, which are higher than their current quoted prices in the market. This gives an investor a golden opportunity to make windfall profit. Dematerialization of Shares The term demat shares or demat account could be seen frequently in the business-stories. But, how many people actually know the meaning of this term? In fact, because of this lack of knowledge about the technical terms used in business news, people find it difficult and boring. Dematerialization of shares means conversion of shares from their physical form to the dematerialized or electronic form. The conversion is done by depository which also keeps custody of dematerialized shares on behalf of shareholders. The CSDL (Central Securities Depository Limited) and NSDL (National Securities Depository Limited) are two depositories in India. The CSDL act as depository for BSE, whereas the NSDL acts as a depository for NSE. The working of CSDL and NSDL is similar to a bank. As you keep money in the bank, similarly depository holds shares. It issues account holding statements and account transaction statements to its depositors in the same way as a bank does. Rematerialization of Shares Rematerialization is just opposite to the meaning of dematerialization. It means converting shares from its electronic form to its original physical form. SEBI The Securities and Exchange Board of India (SEBI) is an autonomous body established by an act of Parliament in 1992. SEBI is controlled by a statuary board consisting of one chairman and six members. Its main aim is to protect the interest of investors, and to regulate all securities market in India. Shivani MS (Communication)