PSU Share Buybacks Positive For Markets: Prateek Agarwal

PUBLISHED ON: June 9, 2016 | Duration: 25 min, 02 sec

   
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Prateek Agarwal, business head and CIO of ASK Investment Manager, said buybacks remove the overhang of supply of fresh shares into the market when divestments are announced. Also, it is positive for the markets as the money goes from the corporates to the investor class who can invest elsewhere, he added.
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