In a record buyback of shares, listed companies have repurchased equity worth over Rs 25,000 crore in the first half of 2017. It is a fivefold jump over the buyback amount in the corresponding period, a year ago. In fact, the amount is higher than the combined value of shares repurchased in the first half of the previous five years. The spurt has come at a time when the benchmark Sensex rallied nearly 20 per cent.
In a record buyback of shares, listed companies have repurchased equity worth over Rs 25,000 crore in the first half of 2017. It is a fivefold jump over the buyback amount in the corresponding period, a year ago. In fact, the amount is higher than the combined value of shares repurchased in the first half of the previous five years. The spurt has come at a time when the benchmark Sensex rallied nearly 20 per cent.
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