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The company has prescribed a buyback ratio of 2 shares for 25 equity shares for reserved category whereas 2 shares for 179 equity shares for general category.
Centre's move aimed at improving PSUs' stock performance
While a share buyback is a positive development from a near-term perspective, analysts say the move is also a structural positive
DIPAM has been asking cash-rich PSUs to utilise surplus cash in either capex or buy back
