PSU stocks: New rules for share buyback, bonus issue, stock split and dividend
To ensure optimal utilization of funds by PSUs, the finance ministry has revised capital restructuring guidelines for non-bank public sectors, directing the listed Central Public Sector Enterprises (CPSEs) to revise their norms for dividend payout, split of shares, buyback, and issuance or bonus of shares beside others. The ministry said that it had decided to…
