The complex question of share buybacks in the IT sector5 min read . Updated: 24 Feb 2017, 02:11 AM IST
Dilution through follow-on offerings, debt always a possibility but the wisdom of returning cash now and tinkering with capital structure soon thereafter is questionable
Even in the best of times, stock buybacks have been debatable. Given its penchant for cut and paste, the Indian information technology (IT) sector has been all fired up by Cognizant Technology Solutions Corp.’s recent buyback announcement.
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