This time around Kaveri Telecom would be rewarding shareholder's by repurchasing shares for a price of 116.75/share. The company plans to make an open offer to purchase 28,13,796 representing 20% of the paid up equity capital.
Share repurchases are more rewarding as compared to dividend payouts, because dividend income is taxed, which translates to double taxation for shareholders.
Share Repurchase by Kaveri
Share repurchases are more rewarding as compared to dividend payouts, because dividend income is taxed, which translates to double taxation for shareholders.
Share Repurchase by Kaveri
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