TheSpuzz Desk

Hexaware Technologies investors to sell shares worth  ₹9,950 crore in IPO | Stock Market News

Hexaware Technologies investors to sell shares worth ₹9,950 crore in IPO | Stock Market News

Source: Live Mint Mumbai-based Hexaware Technologies has filed draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) in which promoters will sell shares worth ₹9,950 crore. If successful, Hexaware’s IPO would be the largest in the country’s information technology services space since Tata Consultancy Services’ ₹4,713-crore initial…

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Stock market news: This income tax rule to be implemented next month | Mint

Stock market news: This income tax rule to be implemented next month | Mint

Source: Live Mint Starting October 1, 2024, significant changes will be implemented in the taxation of share buybacks, shifting the tax burden from companies to shareholders. Companies are taxed at 23.296 per cent on buyback transactions, covering surcharges and cess, while shareholders face no tax on the buyback proceeds. Under the new rules, buyback proceeds…

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