Share buyback boom: Promoters wooing HNIs before new tax rules spoil the charm

September 10, 2024

Promoters of Indian cos are rushing to complete share buybacks before new tax rules take effect on October 1. The changes will shift the tax burden from companies to shareholders, making buybacks less attractive for high-net-worth individuals. Several companies have already completed or announced buyback offers in anticipation of the new rules.

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Q4 results today: Infosys, Jio Financial among 10 companies to announce earnings on Thursday

Infosys anticipates a slight revenue decline in Q4, projecting 1-4% CC revenue growth for FY26 due to macroeconomic factors and a lack of mega-deal contributions.

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