Page 10 - Share Buybacks

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Further, companies such as KPR Mill, which had withdrawn their buybacks following the unexpected tax outgo, have restored their buyback plan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

Tax proposal in Budget 2019 hits Indian companies' year of share buybacks

More than 70 companies, including software exporter Wipro Ltd., announced or completed Rs 354.6 billion ($5.2 billion) of share buybacks in the first half of 2019

Budget impact: Infosys, 8 others face 20% tax burden on share buyback

These companies, which are buying back shares, will see costs rising

20% tax on buyback may put firms with high promoter shareholding in a fix

Under the current framework, the dividend distribution tax borne by the company is effectively taxed at the rate of 20.56 per cent

Buybacks fail to boost long-term prospects; volatility a dampener

Shares of only a fourth of the firms above their buyback price; promoters tend to benefit the most

Trend of buybacks offsetting shares entering market is worrying: Experts

Since 2016, Rs 1.3 trillion worth of fresh equity has been issued while Rs 1.1 trillion has been repurchased

This is how the Modi govt is planning to meet the fiscal deficit target

Modi govt has asked state-run companies to raise Rs 200 bn through share buybacks

Should you participate in a buyback? Here are the reasons why you should

If the prospects of a company buying back shares are not as bright as they used to be, and the premium is attractive, you should tender your shares