Page 6 - Share Buybacks

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

TCS to Coal India: How you can make handsome profits from share buybacks

Before participating, consider company's long-term prospects, premium offered and acceptance ratio

In search of new opportunities

Author explains why buyback offers would not compromise long-term business objective of these firms

Free cash flow usage: What buybacks by Indian IT mean for shareholders

The author discusses ramifications of share buyback

Buybacks at all-time high of Rs 34,468 cr in 2016-17

Share buybacks by listed companies have hit a life-time high during FY17. A total of 45 companies launched share repurchase programmes this fiscal totaling Rs 34,468 crore. Interestingly, the amount is more than the combined buybacks in the preceding seven years.The new higher dividend tax regime and government increasingly opting for the buyback route for divestments are the two key reasons behind this sharp uptick in the buybacks during the current fiscal, market participants said.The government had introduced the concept of additional dividend tax (ADT) with effect from April 1, 2016. According to the new law, dividend received in excess of Rs 10 lakh was taxable at 10 per cent rate in the hands of recipients. Although dividend was already taxed in hands of the company through dividend distribution tax (DDT), ADT was introduced as an additional tax targeting companies and individuals who received significant amount of dividends. Hence India Inc. chose to go for buybacks instead of .