Investors may be in for more pain as buyback, public float norms set to bite3 min read 07 Jul 2019, 11:45 PM IST
Stock buybacks may fall out of favour due to the levy of 20% tax on them
Publicly traded companies in India had bought back shares worth ₹1.43 trillion in the past three years
Mumbai: Union budget proposals to raise the public float of listed companies, a tax on stock buybacks and an increase in surcharge on high-income earners will weigh on stocks and affect returns of investors, analysts said.
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