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IIMB Management Review

Document Type

Article

Abstract

Allowing Indian firms to buy back their shares has been a subject of debate for some time. It is currently under consideration by the Securities and Exchange Board of India (SEBI). India’s second largest corporate, Reliance Industries (Rs 94 billion by market & capitalisation), set a trend recently by getting its shareholders’ approval for buy-back, subject to other statutory approvals.

Publication Date

3-1-1996

First Page

50

Last Page

54

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