Now, PSUs too can buy back shares

Mar 2

Now, PSUs too can buy back shares

The Government has decided to allow public sector companies buy back their shares like any private company. Such a move would help the Government meet its disinvestment target. The Cabinet Committee on Economic Affairs on Thursday approved a proposal to enable the Department of Disinvestment “respond to normal practices in the corporate world if proposed by a Central Public Sector Undertakings.”
http://www.thehindubusinessline.com/industry-and-economy/government-and-policy/article2951126.ece?homepage=true

 

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