Govt could ask public companies to buy back shares: reports | Editorji
  1. home
  2. > markets
  3. > Govt could ask public companies to buy back shares: reports
replay trump newslist
up NEXT IN 5 SECONDS sports newslist
tap to unmute
00:00/00:00
NaN/0

Govt could ask public companies to buy back shares: reports

Oct 21, 2020 14:02 IST

The government may ask some public companies to buy back shares in order to shore up its finances amid the coronavirus pandemic, according to a Bloomberg report.

Coal India Ltd., NTPC Ltd., NMDC Ltd., MOIL Ltd., KIOCL Ltd, and Engineers India Ltd. are among the eight companies that might be asked to repurchase shares this year, the report said.

The strategy will help the government access part of the more than ₹40,000 crore of cash hoard with the companies as of March 31.

Markets