Share Buyback
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Finance Ministry to look into applicability of 20% tax on share buybacks by listed companies
•The Finance Ministry on Friday said that it will look into the applicability of 20 percent tax proposed in the 2019-20 Budget on the current share buybacks by listed companies
Eros International to buyback shares worth up to $20 mn in US stock market; shares fall nearly 10%
•The board of media and entertainment firm Eros International on Monday announced a share repurchase program worth up to $20 million (approx Rs 138.86 crore) on the New York Stock Exchange
ONGC's Rs 4,000 cr share buyback to open on 29 January and closes on 11 February
•State-owned Oil and Natural Gas Corp's (ONGC) Rs 4,022 crore share buyback programme will open on 29 January and close on 11 February, the company said in its offer letter to shareholders
Infosys shares continue to rally for second day in a row after company approves share buyback; gain nearly 4%
•Shares of Infosys continued to gain on Tuesday, rising by nearly 4 percent, after the company approved share buyback and also raised its revenue growth forecast
Infosys shares gain nearly 4% on share buyback; firm raises this fiscal's revenue growth forecast to 8.5-9%
•Infosys on Friday reported a 30 percent drop in its December quarter net profit on higher expenses even as it approved a Rs 8,260-crore share buyback — the second in less than 13 months' time.
Infosys Q3 net profit falls 30% to Rs 3,610 cr; company announces share buyback of up to Rs 8,260 cr
•IT major Infosys on Friday said its net profit declined by nearly 30 percent to Rs 3,610 crore during the December 2018 quarter, even as it announced a share buyback plan of up to Rs 8,260 crore
ONGC to buyback shares for Rs 4,022 cr as part of govt plan to get cash-rich PSUs to part with their surplus
•ONGC shares closed almost flat at Rs 148.65 on the Bombay Stock Exchange (BSE) on Thursday.
Oil India to buy back 4.45% shares for Rs 1,085 crore; govt eyes minimum Rs 5,000 crore via PSUs’ stock repurchase offers
•The government is targeting a minimum Rs 5,000 crore through share buyback offers of state-owned firms like Coal India and BHEL.
SEBI revises share buyback norms; provides clarity on public announcement
•Markets regulator SEBI has revised the regulations for share buyback to provide more clarity on the requirement to make public announcements.
HCL Technologies' Rs 4,000 cr buyback offer to commence on 18 September, will close on 3 October
•In July, HCL Technologies had announced the buyback programme for FY19 at Rs 1,100 per share.