Several companies opt to do a buyback of shares via the open market—stock exchange—route. This route is prone to misuse, with the tender route being a more efficient way of returning surplus funds to the shareholders. Sebi is revisiting the rules on buybacks. Shobhana Subramanian looks at what the experts have recommended. The routes to […]
Billionaire Anil Agrawal-led Vedanta Ltd stock continued to fall on Tuesday, tumbling down nearly 9% at Rs 261.95. Earlier this month, the government opposed the company’s proposal to sell its international zinc business to Hindustan Zinc Ltd for $2.98 billion over valuation concerns. According to reports, the government threatened to take legal action to stop […]