Companies buy back Rs 47,500 crore shares in 2023 - News Summed Up

Companies buy back Rs 47,500 crore shares in 2023


Of the 40-plus companies, three have announced buybacks with an issue size of more than Rs 10,000 crore --TCS (Rs 17,000 crore), L&T (Rs 10,000 crore ) and Wipro (Rs 12,000 crore). The company, currently valued at about Rs 13 lakh crore, bought Rs 66,000 crore shares in the past four such exercises. Of the 40-plus companies, three have announced buybacks with an issue size of more than Rs 10,000 crore --TCS (Rs 17,000 crore), L&T (Rs 10,000 crore ) and Wipro (Rs 12,000 crore). The company, currently valued at about Rs 13 lakh crore, bought Rs 66,000 crore shares in the past four such exercises. Big buybacks of 2023 TCS: Rs 17,000 crore L&T: Rs 10,000 crore Piramal Enterprises: Rs 1,750 crore Wipro: Rs 12,000 crore Hinduja Global Solutions: Rs 1,020 crore Triveni Engineering: Rs 800 crore Follow The New Indian Express channel on WhatsApp


Source: Indian Express October 13, 2023 17:00 UTC



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