On March 20, 2017 21:33 (IST)
Share buybacks offer a route for companies to return some wealth to their shareholders, while potentially boosting their stock prices.
On May 01, 2016 13:09 (IST)
The government wants cash-rich public sector companies like Coal India, Oil India and NTPC to take a cue from the private sector and use surplus cash to buy back shares and improve balance sheets.
On April 24, 2014 21:40 (IST)
Billionaire Anil Agarwal's Cairn India has bought less than 2 per cent of its 17.09 crore shares it is looking to buy back to give the mining baron a greater control over the country's largest private oil producer.
On December 16, 2011 23:05 (IST)
It looks like most of these PSUs are unwilling to use their cash for buyback. After Coal India, mining giant NMDC has said that putting the funds for expansion makes more sense.
On December 06, 2011 19:25 (IST)
The government plans to rely on buyback offers by cash-rich public sector companies to meet disinvestment target, which looks tough to achieve. ONGC, the state-owned oil explorer, does not have enough cash to make such an offer. Last week, Coal India said no to the buyback offer.