India’s leading IT services companies may continue to prefer share buybacks over higher dividends, even after recent tax changes announced in the Union Budget, according to market expert Sushovan Nayak from Anand Rathi Institutional, who believes the revised framework makes buybacks more efficient for both companies and many shareholders. Speaking to ET Now, Nayak said […]
The window for tendering shares in the ₹18,000-crore Infosys buyback opens tomorrow, is an opportunity for retail investors to make a quick buck from the largest buyback in India’s stock market history. That’s because they have a significant advantage in the acceptance process. Only those shareholders who held Infosys shares in their demat account as […]
With the record date of the Infosys buyback upon us, it’s worth understanding how buyback taxation works in India. Thankfully, Nithin Kamath, co-founder and chief executive officer, took it upon himself to do the math. Zerodha CEO Nithin Kamath. (@Nithin0dha/X) The ₹18,000-crore Infosys buyback—the largest in India’s history along with Tata Consultancy Services Ltd.’s in […]
Infosys promoters and promoter group, including Nandan M Nilekani and Sudha Murty, have decided not to participate in the company’s ₹18,000 crore share buyback, according to a regulatory filing on Wednesday. The Infosys promoters collectively held 13.05% of the company’s equity as on the buyback announcement date. (Reuters) The promoters collectively hold 13.05 per cent […]