Companies Act 2013

India Inc's share buybacks gather momentum

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The higher 10 per cent tax on dividends is expected to eat into as much as Rs 6,000 crore of promoters’ income this financial year, showed an analysis by this newspaper. Companies are opting for buybacks as an alternative route. The Centre might come up with something in next’s year budget to close this route,”

Harish HV
Partner, Grant Thornton India LLP

This article apeared in Business Standard on 14th June, 2016