Page 7 - Share Buybacks

Covid-19 crisis: Govt wants PSUs to ramp up dividends, share buybacks

With Covid-19 set to hit FY21 revenue mop-up, Centre looks for options

Just Dial zooms 10% as board to consider share buyback proposal

The board of directors of the company will meet on Thursday, April 30, 2020 to consider and approve the proposal for buy-back of fully paid up equity shares of the Company.

Coronavirus: Promoters of mid-tier IT firms increase stake as shares crash

Bengaluru-headquartered IT firm Mindtree witnessed its promoter L&T Group buying 0.4 per cent stake in the company through open market operations for around Rs 58 crore during this period.

Tata, Bajaj among 277 promoters that hiked stake in group firms in March

Among the lot, the highest quantum of promoter buying was seen in Tata Group companies that includes Tata Chemicals, Tata Steel, Indian Hotels, Tata Motors, Tata Power and Tata Consumer

Scrap LTCG, tax on buybacks, dividends: What Street wants amid market gloom

Mohandas Pai, former CEO and board member at Infosys, made a pitch for removing the tax on share buybacks

NIIT Technologies' shareholders approve Rs 337.4 cr buyback programme

The buyback proposal through the tender offer route, aggregated up to Rs 337.46 crore

Share issuance on conversion of restricted stock options allowed: Sebi

Infosys had sought an informal guidance from Sebi on whether the company can allot equity shares upon exercise of vested restricted stock options units after completion of the one year vesting period

Share buybacks losing lustre as 20% tax bites; firms await relief in Budget

Experts blame the change in tax dynamics for the sharp drop in buybacks

Small- and mid-cap companies eye buybacks to shore up valuations

According to investment bankers, these companies are looking to buy back shares to shore up the share prices by reducing the outstanding free float available in the market

GE Shipping's buyback committee approves closure of Rs 100-crore offer

The buyback committee of the company, at its meeting held today, has approved the closure of the buyback

NIIT's Rs 335 crore buyback offer to begin Nov 25, to close on Dec 6

The transaction, which closed in May, saw NIIT Ltd receiving gross proceeds of Rs 2,020.4 crore in cash

Companies push ahead with proposed share buyback plans after tax relief

Further, companies such as KPR Mill, which had withdrawn their buybacks following the unexpected tax outgo, have restored their buyback plan

Indiabulls group board to take up share buybacks proposal on Monday

Market experts say the buyback is done to stem the slide in the stock prices of the two companies

Sebi to relax buyback norms for companies with HF, NBFC subsidiaries

The repurchase of shares by listed companies is governed by the Buyback Regulations of Sebi as well as Companies Act

Buybacks of shares least preferred mode of exit for private equities

In 2018, the most popular mode of exit for PEs was strategic sale through merger & acquisition

What Wall Street could learn from India's new tax on share buybacks

India this month imposed a levy on its companies' share purchases

OYO's Ritesh Agarwal to buy back shares worth $2 bn from early investors

Agarwal's stake in the company will rise from the current 9-10% to around 30%

Govt to consider grandfathering 20% tax on share buybacks already underway

Finance Secretary Subhash Chandra Garg said the proposed tax on listed companies is aimed at discouraging share buybacks and encouraging investments

Eris Lifesciences hits record low as stock turns ex-date for share buyback

On July 3, the company's board approved buyback of shares worth up to Rs 100 crore. The buyback is for 1.74 million shares at Rs 575 per share.

Budget impact: KPR Mill withdraws share buyback proposal, stock dips 6%

The company said it is not permitted to meet the buyback obligations beyond the amount approved by the board of directors and the same can also be effected only with the borrowed funds.