Why The Companies Go For BUYBACK
Awaiting 4 Replay............
2 Replies
CA SANKET GARG
(Sanket Garg & Company )
(838 Points)
Replied 30 July 2016
There may be many internal reasons for buy back of Shares by Companies. Few are.
(a) If Promoters/Major Shareholders wants to increase their Stake.
(b) To avoid excessive speculation of Shares.
(c) To avoid Dividend Distribution Tax but this was not applicable now after insertion of Section 115QA in Income Tax Act.
(d) To breakdown Share Price
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