New Delhi, May 9
An Inter—ministerial Group (IMG), has approved 10 per cent equity sale in Coal India which is expected to fetch over Rs 17,000 crore to the government.At present, the government holds 90 pe...
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April 30, 2013
With higher stake parent will get larger share of profits
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New Delhi, Apr 16
Not confident of raising Rs 17,000 crore through Offer For Sale (OFS) in Coal India, the government may ask the PSU to buy back a portion of the proposed 10 per cent share sale. The 10 per...
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New Delhi, Apr 8
Pipe maker Maharashtra Seamless said on Monday that its Board has approved Rs 100 crore share buy back at a price not more than Rs 300 a scrip through the open market. Board of Directors of...
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March 30, 2013
Dividends are taxed and so are capital gains. But here’s a new one. The Finance Bill 2013 has seen the introduction of a tax on buyback offers where sums paid by the company to the shareholder,...
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March 24, 2013
Under the new regime, share buyback transactions may not escape double taxation.
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Mumbai, March 19
Shree Dinesh Mills has offered to buy back its shares not exceeding Rs 91 a piece. The company intends to spend Rs 9.50 crore, which represents 10 per cent of its paid-up capital a...
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Chennai, March 15
The board of Welspun Corp has approved buyback of part of the outstanding bonds, which the company had issued at 4.5 per cent convertible at $150 million (about Rs 800 crore). The bonds...
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Coimbatore, May 10
Shares of HT Media Ltd, publishers of the Hindustan Times newspaper, touched a fresh 52-week high today after the company announced that its board would consider on May 14 a share...
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Coimbatore, May 9
The board of directors of Aptech Ltd will consider the proposal for buyback of shares on May 13. Promoters’ holding in the company as at the end of March 2013 was only 38.56 per cent. Wh...
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Coimbatore, April 23
The board of directors of Motilal Oswal Financial Services Ltd will on April 27 consider, along with the results of the company for the year ended March 31, 2013, the proposal to buy back the full...
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Chennai, April 9
The stock of Maharashtra Seamless jumped nearly 10 per cent on Tuesday after the company's board approved a buyback plan. Maharashtra Seamless was quoting at Rs 236, up 9.8 per cent,...
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Chennai, April 7
The Coal India (CIL) stock will remain in the focus as the Government is working out on modalities to sell 10 per cent stake in the company. A Bloomberg report quoting a draft proposal by the Fina...
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Kolkata, Mar 26
The Securities and Exchange Board of India (SEBI) is set to come out with new guidelines to curb insider trading soon. The market watchdog also plans to come out with new rules for share buyback i...
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London, Mar 22
Oil company BP said today it will buy back $8 billion in shares after completing a landmark deal for TNK-BP.
Today’s announcement comes after BP completed the sale of its 50 per cent inte...
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March 17, 2013
Stock of Rain Commodities will see some action, as buyback offer from the company comes to an end this week. Rain Commodities had set a minimum target of 31.75 lakh shares. It had decided to close...
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Kolkata
Axis Bank Ltd, manager to the recently (February 28) concluded buy-back offer of Kanoria Chemicals and Industries Ltd has said that the company would extinguish a total 1,26,03,167 equity shares...
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