Samsung Electronics to cancel ₹18,410 crore worth of own shares

Samsung Electronics decided to cancel 3.05 trillion won (over ₹18,410 crore) worth of its own shares that the company had acquired previously. Separately, Samsung would acquire 2.7 trillion won worth of its own common shares and 304 billion won worth of other shares between February 19 and May 16 this year. The move would raise shareholder value and benefit employees.