SEBI proposes changes to share buyback norms
The market regulator has proposed to shift the incidence of tax on buyback from the company to the hands of shareholders.
The market regulator has proposed to shift the incidence of tax on buyback from the company to the hands of shareholders.
Ambiguity on whether the extension of the buyback tax will also apply to companies who initiated their buybacks before July 5 has left the industry in a quandary.