Mar 01, 2012 03:16 PM IST | Source: CNBC-TV18
PSU share buyback: Govt may raise Rs 20000cr, says PN Vijay
The Cabinet has allowed state-run companies to buy back shares. In an interview to CNBC-TV18, Portfolio manager PN Vijay says, buyback is a very sensible thing to do. “I think government will raise about Rs 20,000 crore without much problem, without affecting the companies and without disturbing their debt profile too much,” he adds.