L&T Buyback

What exactly could have driven the buyback by L&T? During the previous week, L&T announced its first ever buyback in history. The issue was also the third largest buyback in India, with the two largest tranches having been already completed by TCS. That raises a critical question. Buybacks are understandable for tech companies with mountains…

Bonus Debentures

An innovative way to reward shareholders… The Board of Britannia recently approved the issue of bonus debentures to its shareholders in the ratio of 1:1. Like a true-blue bonus, the issue of bonus debentures will be free for shareholders. Instead of issuing bonus shares and reducing the market price, the bonus debenture is a better…

Tata Motors

Chandra is confident of a TAMO turnaround by 2019… Source: Bloomberg Quint ON 31st July 2018, Tata Motors reported its worst quarterly loss in 9 years. The quarterly loss of Rs.1902 crore was largely driven by below par performance from JLR. Firstly, after the Volkswagen fiasco, the pressure on diesel cars in Europe is just…