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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