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PSU share buyback: A mockery of divestment and deficit control

Updated : October 16, 2018 01:01 PM IST

Emptying out the cash from public sector enterprises through buybacks seems to be the new strategy.
Money raised via divestment stood at Rs 72,500 crore in 2017-18.
Investors expect a company to announce share buybacks when the management sees little need for the surplus cash balances.
PSU share buyback: A mockery of divestment and deficit control

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