Finance ministry shortlists 11 CPSEs for share buyback in the ongoing financial year
6 years, 4 months ago

Finance ministry shortlists 11 CPSEs for share buyback in the ongoing financial year

Firstpost  

As per the guidelines, CPSEs having net worth of at least Rs 2,000 crore and cash and bank balance of above Rs 1,000 crore have to mandatorily go in for share buyback. New Delhi: The Finance Ministry has shortlisted about a dozen companies, including Coal India, NTPC, NALCO and NMDC, for a possible buyback of shares in the ongoing financial year. Officials however said in view of the business plans of CPSEs, not all in the list would be able to buyback the shares in 2018-19. It had also asked every CPSE to analyse in the first board meeting after the closure of a financial year the cash and bank balance, expansion plans, borrowing plans, net worth and market value of shares and explore option for buying back of shares.

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History of this topic

Centre receives ₹8,625 crore as disinvestment receipts so far in 2024-25
4 weeks, 2 days ago

Centre receives ₹8,625 crore as disinvestment receipts so far in 2024-25

Live Mint  

New Delhi, December 16 : The government has realised ₹8,625 crore through various minority stake sale disinvestments so far during the current financial year 2024-25, MoS Finance Pankaj Chaudhary informed Lok Sabha on Monday in a written reply. 8,625 crore through various minority stake sale disinvestment transactions during the current financial year," the minister said in his written reply in …

‘Split CPSE shares if trade above 50 times face value’, says finance ministry
1 month, 4 weeks ago

‘Split CPSE shares if trade above 50 times face value’, says finance ministry

New Indian Express  

NEW DELHI: In a major change in capital restructuring guidelines for non-bank public sector entities, the government has mandated listed Central Public Sector Enterprises to consider splitting their shares if they trade above 150 times the face value for six months. As per the guidelines, a listed PSU, where the market price exceeds 150 times its face value consistently for …

Finance Ministry revises norms for dividend payments, share buybacks, stock splits for PSUs
1 month, 4 weeks ago

Finance Ministry revises norms for dividend payments, share buybacks, stock splits for PSUs

Live Mint  

Union Finance Ministry has revised norms for dividend payments, share buybacks and stock splits at state-run companies to improve capital management and bolster performance of their equities. The government has asked state-run non-banking financial companies to pay a minimum annual dividend of 30 per cent of their profit subject to legal provisions, according to guidelines issued by the Department of …

TCS buyback 2023: Should you tender your shares as record date falls next week?
1 year, 1 month ago

TCS buyback 2023: Should you tender your shares as record date falls next week?

Live Mint  

TCS buyback 2023: Date for finalising list of eligible shareholders of Tata Consultancy Services for buyback of shares has been fixed on 25th November 2023. The Indian IT major has informed Indian stock market bourses that it has fixed 25th November 2023 as TCS buyback record date. The IT giant also informed that TCS buyback record date has been fixed …

Centre plans buybacks, OFS in PSUs for FY23 goal
1 year, 11 months ago

Centre plans buybacks, OFS in PSUs for FY23 goal

Live Mint  

The government is looking at buybacks and offer-for-sale of central public sector enterprises as potential options to meet the current year’s disinvestment target as uncertain market conditions and legal hurdles pose challenges to ongoing privatization transactions. Mint had reported earlier that the government was forced to abandon the strategic sales of Pawan Hans Ltd and Central Electronics Ltd after several …

Matrimony announces share buyback, stock rallies
2 years, 6 months ago

Matrimony announces share buyback, stock rallies

Live Mint  

Shares of Matrimony.com Ltd surged more than 9% to ₹840 apiece on the BSE in Wednesday's early deals after the company announced share buyback up to ₹75 crore at buyback price of ₹1,150 per share. June 22, 2022, inter-alia, approved Final Buyback price of ₹1,150 /- per equity share and the aggregate amount of Buy Back upto ₹750 Million excluding …

TCS Board Approves Rs 18,000 cr Share Buyback; What Investors Should Know
2 years, 11 months ago

TCS Board Approves Rs 18,000 cr Share Buyback; What Investors Should Know

News 18  

Tata Consultancy Services said that the members of the company have approved the buyback of shares worth up to Rs 18,000 crore by passing a special resolution through postal ballot. On January 12, 2022, the board of directors of TCS had announced the buyback of up to 4,00,00,000 fully paid-up equity shares of the face value of Re 1 each …

TCS Approves Rs 18,000-crore Share Buyback Offer. Key Details Investors Must Know
3 years ago

TCS Approves Rs 18,000-crore Share Buyback Offer. Key Details Investors Must Know

News 18  

Tata Consultancy Services board on January 12 approved a share buyback worth Rs 18,000 crore. “Further to our intimation dated January 7, 2022 and in terms of Regulation 30 of the SEBI Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held today has approved a proposal to buyback up to …

TCS buyback: Tata Sons sells shares worth ₹10,000 crore
4 years ago

TCS buyback: Tata Sons sells shares worth ₹10,000 crore

Live Mint  

New Delhi: Tata Sons Pvt Ltd, the holding company of salt-to-software conglomerate Tata Group, has raised about ₹10,000 crore from selling close to 1 per cent holding in Tata Consultancy Services in the IT firm's recently concluded share buyback. Tata Sons tendered 3.33 crore shares in the group's most profitable firm's share buyback plan, according to a company's filing to …

TCS ₹16,000-crore buyback offer opens today, share hits all-time high
4 years ago

TCS ₹16,000-crore buyback offer opens today, share hits all-time high

Live Mint  

India's largest IT services firm's share buyback programme of up to ₹16,000 crore commences today, on December 18 and will close on January 1. TCS has decided to buyback up to 5.33 crore equity fully paid-up equity shares having a face value of Re 1 each. A buyback floor price has been set at ₹3,000 per equity share on a …

TCS share buyback offer to open on December 18
4 years, 1 month ago

TCS share buyback offer to open on December 18

Live Mint  

India's largest IT services firm Tata Consultancy Services on Wednesday announced a share buyback programme of up to ₹16,000 crore which will commence on December 18 and close on January 1, 2021. Last month, TCS shareholders had approved a proposal to buy back up to 5,33,33,333 equity shares of the company at ₹3,000 per scrip for an aggregate amount not …

Finance Ministry reworking strategic sale procedure to ensure outright sale of central public sector enterprises
5 years, 8 months ago

Finance Ministry reworking strategic sale procedure to ensure outright sale of central public sector enterprises

Firstpost  

Currently, there is no set timeline for concluding strategic sale of a state-owned company and the entire process, in some cases, drags on for months, if not years. New Delhi: The finance ministry is reworking strategic sale procedure to ensure outright sale of Central Public Sector Enterprises within 4 months of issuance of documents to potential investors, a move aimed …

First-ever sale of 'enemy shares'; buyback by CPSEs yield over Rs 11,300 cr to exchequer in FY19
5 years, 9 months ago

First-ever sale of 'enemy shares'; buyback by CPSEs yield over Rs 11,300 cr to exchequer in FY19

Firstpost  

Enemy property refers to the assets left behind by people who migrated to Pakistan or China and are no longer citizens of India. New Delhi: Sale of ’enemy shares’ and buyback of stocks by Central Public Sector Enterprises have together yielded the government over Rs 11,300 crore, thus helping the exchequer mop up Rs 85,000 crore from disinvestment in the …

Modi government exceeds disinvestment target for the second time in a row, completes first-ever sale of ‘enemy shares’
5 years, 9 months ago

Modi government exceeds disinvestment target for the second time in a row, completes first-ever sale of ‘enemy shares’

Op India  

The sale of ‘enemy shares’ and the buybacks of Central Public Sector Enterprises have together generated a sum of Rs 11,300 crore for the government, thus helping the exchequer mop up Rs 85,000 crore from disinvestment in the current financial year. After the Cabinet’s go-ahead to the Department of Investment and Public Asset Management to sell such shares held in …

PSU' contribution to central exchequer falls 3% to Rs 3.5 lakh cr in FY'18: Survey
6 years ago

PSU' contribution to central exchequer falls 3% to Rs 3.5 lakh cr in FY'18: Survey

Firstpost  

In 2016-17, CPSEs’ contribution to the exchequer stood at Rs 3,60,815 crore. New Delhi: The contribution of state-owned firms to the central exchequer by way of excise duty, customs duty, GST, corporate tax, dividend and others fell 2.98 percent to Rs 3,50,052 crore in 2017-18, according to a survey tabled in Parliament Thursday. The dividend declared or paid by such …

Oil India to buy back 4.45% shares for Rs 1,085 crore; govt eyes minimum Rs 5,000 crore via PSUs’ stock repurchase offers
6 years, 1 month ago

Oil India to buy back 4.45% shares for Rs 1,085 crore; govt eyes minimum Rs 5,000 crore via PSUs’ stock repurchase offers

Firstpost  

The government is targeting a minimum Rs 5,000 crore through share buyback offers of state-owned firms like Coal India and BHEL. New Delhi: State-owned Oil India Ltd will buy back 5.04 crore of its shares for a little over Rs 1,085 crore as part of the government’s push to cash-rich PSUs to part with their surplus either by paying higher …

Finance ministry banking on CPSE acquisitions, buybacks to meet FY19 disinvestment target
6 years, 2 months ago

Finance ministry banking on CPSE acquisitions, buybacks to meet FY19 disinvestment target

Firstpost  

The Finance Ministry is banking on merger and acquisitions among CPSEs and share buybacks by state-run companies to meet the Rs 80,000-crore disinvestment target for the current fiscal. New Delhi: The Finance Ministry is banking on merger and acquisitions among CPSEs and share buybacks by state-run companies to meet the Rs 80,000-crore disinvestment target for the current fiscal. A Finance …

TCS to buyback shares worth Rs 16,000 crore; check details here
6 years, 7 months ago

TCS to buyback shares worth Rs 16,000 crore; check details here

India TV News  

The Board of Indian IT major Tata Consulting Services on Friday approved to buy back 7,61,90,476 equity shares of Re 1 face value at Rs 2,100 per share for about Rs 16,000 crore. "The buyback size is 1.99 per cent of the total paid-up equity share capital," the city-based firm said in a regulatory filing on the BSE. This is …

TCS to buy back shares worth Rs16,000 crore at 17% premium
6 years, 7 months ago

TCS to buy back shares worth Rs16,000 crore at 17% premium

Live Mint  

Mumbai: Shares of India’s biggest IT firm, Tata Consultancy Services Ltd, surged nearly 3% on Friday after the company said its board had approved a share buyback worth ₹ 16,000 crore at a premium of more than 17% from the previous close. With its shares closing at a record high of ₹ 1,841.45 each on BSE, up 2.75% from its …

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