Companies in India are gearing up for an increase in share buybacks as the new tax rules on repurchases take effect on October 1 wherein the gains from buybacks will now be taxed in the hands of shareholders rather than the companies.
Irdai opens NDB’s Maharajah INR bonds to insurers
In a circular dated August 27, the regulator said that it had received representation from New Development Bank to permit Insurers to invest in Maharajah