Leading IT services player Infosys Ltd on Thursday announced a buyback of Rs 18,000 crore through a tender route, its biggest ever since listing. The Bengaluru-based IT major will buyback about 10 crore shares, representing 2.41% of equity at Rs 1,800 apiece, which will be 19% premium over the current market price. Under a buyback…
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…
August 26, 2024August 26, 2024 Shares of Transport Corporation of India Ltd. fell by nearly 6% after touching a day’s high of Rs 1,094.90 on 26th August, despite the company announcing that it will conduct its first-ever buyback of its equity shares worth up to Rs 160 crore. The…
August 5, 2024August 5, 2024 Shares of Cera Sanitaryware Ltd. rallied by as much as 6% to touch a day’s high of Rs 9,490.10 on 5th August after the board approved a buyback of equity shares. The company plans to buy back up to 1.08 lakh shares, or 0.83%…