$1 Billion Savings Seen for Firms on India Buyback Tax Exemption
The Bombay Stock Exchange (BSE) logo is displayed on a biometric security and authentication device at the bourse’s building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

$1 Billion Savings Seen for Firms on India Buyback Tax Exemption

(Bloomberg) -- A one-time exemption could save about $1 billion in taxes for Indian companies that announced share buybacks this year, according to Umesh Mehta, head of research at Samco Securities...
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