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Page 3 - Buybacks

PSUs join tech firms in buyback spree to help govt meet asset sale target

Infosys, Asia's second-largest software exporter, last month said it would buy Rs 82.6 billion of its own stock

PSUs join tech firms in buyback spree to help govt meet asset sale target
Updated On : 17 Feb 2019 | 9:27 PM IST

'Credit risks' for PSUs supporting govt coffers through buybacks, says S&P

S&P Global Ratings Tuesday said corporate activities that are designed to support the government coffers -- such as share buyback -- by PSUs are 'credit negative' for such entities. In the past three months, 10 public sector undertakings (PSUs) have announced or executed buybacks for a cumulative amount of Rs 15,000 crore, which will count toward the government's target of Rs 80,000 crore from disinvestment of state-owned entities. "S&P Global Ratings foresees credit risks at Indian SOEs (state-owned enterprises) from corporate activity designed to support the Indian government's budgetary coffers," the US-based rating agency said in a statement. The impact on the respective companies can vary depending on the size of cash outflow, it added. "Extracting cash from SOEs decreases their financial flexibility in a stress scenario, which -- at least over the short term -- is credit negative at the firm level," S&P said. It said while extraction of existing excess capital in the

'Credit risks' for PSUs supporting govt coffers through buybacks, says S&P
Updated On : 29 Jan 2019 | 4:17 PM IST

Indian IT players look at capital allocation models of foreign firms

Accenture and IBM conduct share repurchase every year as part of their plans to return back free cash to shareholders

Indian IT players look at capital allocation models of foreign firms
Updated On : 25 Dec 2018 | 9:07 PM IST

IT firms' buybacks impeding their future business investments: Moody's

According to the agency, TCS and Infosys have cash balances of $6.6 billion and $4.4 billion

IT firms' buybacks impeding their future business investments: Moody's
Updated On : 17 Oct 2018 | 5:18 PM IST

Share buybacks see an uptick amid market fall

16 launched in 2015-16, up from 10 in 2014-15

Share buybacks see an uptick amid market fall
Updated On : 11 Apr 2016 | 11:09 PM IST