Symphony among 7 companies that announced share buyback this week

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.

Buyback size: Rs 130 crore

Buyback price: Rs 12,000

Premium (from Friday’s close): 15.4%

Record date: August 16

Buyback size: Rs 71.40 crore

Buyback price: Rs 2,500

Premium (from Friday’s close): 51%

Record date: August 21

Buyback size: Rs 500 crore

Buyback price: Rs 5,000

Premium (from Friday’s close): 6.2%

Record date: August 20

Buyback size: Rs 40 crore

Buyback price: Rs 800

Premium (from Friday’s close): 20%

Record date: August 23

Buyback size: Rs 7.02 crore

Buyback price: Rs 195

Premium (from Friday’s close): 8.3%

Buyback size: Rs 60.24 crore

Buyback price: Rs 300

Premium (from Friday’s close): 20%

Record date: August 19

Buyback size: Rs 36.45 crore

Buyback price: Rs 675

Premium (from Friday’s close): 16%

Record date: August 16


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