Govt allows PSUs companies to buy back shares ‎

The Union Cabinet will on Thursday for the second time consider a proposal to allow cash-rich PSUs to buyback shares and acquire stakes in other state-run firms. It will also look at permitting financial institutions to buy the Centre's stake in companies through bulk sales, as the government searches for options to partially meet its disinvestment target and rein in fiscal deficit.
The Cabinet had considered a similar proposal in January but could not arrive at a decision as some ministries had opposed the move. Some state-run companies had..............
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