Government garners Rs 747 crore from GAIL India’s share buyback
Under a buyback, a company buys its own outstanding shares to reduce the number of shares available in the open market.
Under a buyback, a company buys its own outstanding shares to reduce the number of shares available in the open market.
It stands to get Rs 583.6 crore from the dividend payout and another Rs 541.5 crore if it participates in the buyback by tendering a proportionate number of shares.
The decision to buyback shares gave momentum to HPCL shares in trade on Friday.
The Infosys Board of Directors will meet on Saturday to consider a proposal for buyback of its equity shares of…
