Share buybacks: DIPAM's buyback could be affected by tax, but will still be undertaken, says secretary

The recent Budget announcement of a 20 per cent tax on share buybacks could marginally affect the equity repurchase plans of the CPSEs but still it will remain an important mechanism to achieve the disinvestment target of Rs 1.05 lakh crore in fiscal 2020, a top official of the sell-off department said.