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Buybacks at all-time high of Rs 34,468 cr in 2016-17

Buybacks at all-time high of Rs 34,468 cr in 2016-17

Wednesday, March 29, 2017, 2:47 PM

Share buybacks by listed companies have hit an all-time high during FY17. A total of 45 companies launched share repurchase programmes this financial year totalling Rs 34,468 crore. Interestingly, the amount is more than the combined buybacks in the preceding seven years. With increase in tax on dividend payouts, buybacks emerging as alternative to reward shareholders
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