SEBI made changes to the buyback norms, dividend distribution tax is up 20% making it inefficient
Around a dozen firms announce buybacks worth Rs 20,000 crore so far in 2016-17
Of the seven that have announced buyback plans, four companies including Dr Reddy's Laboratories and Wipro, are from the benchmark Nifty 50 index
With some plans already announced and market conditions more conducive, experts feel more of such offers possible
Entities can take into consideration unaudited accounts while making calculation for buyback offers