The buyback price is a fixed price announced by the company, which is typically at a premium to the current market price. It is determined by the company's board of directors, keeping in mind:  

• The current market price of the share  
• The book value of the company  
• The company's financial position and cash reserves  
• SEBI regulations, which cap the buyback price and the total buyback amount  
• The premium can range from 5% to 30% or more above the prevailing market price, depending on the company and its intent.