Buybacks

The finance ministry had expected yields on the 10-year benchmark paper to fall below 7 percent given the sharply lower borrowing programme for the current fiscal.

Buyback Norms: Welcome amendments but more needs to be done

Buybacks through stock markets have often been abused and their phasing out is welcome. But Sebi needs to incorporate more safeguards to ensure fair treatment to all

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A daily round-up of the most interesting articles to help jump-start the day.

Naspers, Prosus to sell Tencent shares to fund buybacks

The two companies said on Monday they intend to sell down their enormous stake in Chinese software giant Tencent to fund a share purchase program.

Alibaba hikes buybacks to $25 billion as crackdown signals ease

The board of China’s e-commerce leader has approved the program, which will run for two years through to March 2024, the company said in a statement.

Share buyback data reveal an overpriced market 

If markets continue to rise and uncertainty prevails, this year too may be a bad year for buybacks.  

SoftBank spent $1.35 billion on buybacks in October

SoftBank Group Corp said on Monday it spent 139.3 billion yen ($1.35 billion) repurchasing almost 20 million shares in October, part of a record buyback plan that has seen the group's shares touch two-decade highs.

SEBI may tighten buyback norms, cap issue at 25% of paid-up capital & free reserves

The move comes on the heels of a 20 percent tax on share buybacks imposed by the Finance Ministry in Budget 2019 and is apparently aimed at providing a correct picture of companies’ leverage status.

Budget impact: IT biggies may have to lower promoter stake

TCS and Wipro have promoter shareholding of 72.05 percent and 73.8 percent respectively.

Opinion | Did the government really achieve its disinvestment target?

Raiding the balance sheet of PSUs and forcing them to buy other state-owned companies will not help in the long run and is best avoided

IT firms' buybacks hamper their future biz investment: Moody's

It can be noted that the last few years have seen a high number of share buybacks from the country's cash-rich IT companies.

Foreign investors may return to Indian market soon: Kotak UK

Foreign portfolio investors have net sold Indian stocks in four out of the past five months. But Nitin Jain of Kotak UK believes the foreign investor will return to Indian shores soon.

4.8% Fiscal Deficit: NMDC, CIL to pay special dividends

Sources say the Finance Ministry met up with PSU chiefs and have asked for special dividend or buyback. While the NMDC board did consider buybacks but now both, NMDC and Coal India are opting for special dividend.

Do not see growth improving significantly in FY14: eClerx

eClerx Services does not see growth improving significantly in FY14, says PD Mundhra, executive director of the company.

Telenor to be disciplined with India payments: CFO

Norwegian Telecoms firm Telenor will be "disciplined" in what it is willing to pay India to maintain the telecoms licences a court ordered revoked, Chief Financial Officer Richard Olav Aa said on Wednesday.

Secondary stake sale on govt agenda to meet divestment goal

With no immediate decision on buybacks, the government is now focusing on secondary stake sales to meet the divestment target, reports CNBC-TV18’s Aakansha Sethi.

Govt tries to allay buyback fears, says decision with PSUs

The government's ambitious plan to meet its Rs 40,000 crore divestment target via buybacks has run into rough weather.

Govt to amend articles of association for PSU share buyback

The government is clearing the decks for the buyback programme. The government is looking to amend the articles of association (AoA) of public sector units for share buybacks, reports CNBC-TV18's Siddharth Zarabi.

How to play buybacks, open offers?

Buybacks, open offers, delisting very often in the case of many global MNC, what does that constitute and how does an investor take a studied call on whether or not they should tender or exit as the case maybe or actually stay invested? Experts discuss.