General Trading Chat

vikas2131

Well-Known Member
The Government wants cash-rich PSUs like Coal India, Oil India and NTPC to take a cue from the private sector and use surplus cash to buy back shares and improve balance sheets.

Buy-back helps a company to reduce equity by using idle cash and hence provide better returns to the shareholders. At the end of March 2015, NMDC had a cash and bank balance of Rs 184.43 billion, Coal India had Rs 530.93 billion, NTPC (Rs 130 billion), Nalco (Rs 46.28 billion) and MOIL (Rs 28.30 billion). Latest cash balance with OIL is Rs 90 billion.

http://www.indianoilandgas.com/viewnews.php?id=29969
buybacks- wastage of money
 

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