Government revises norms linked to dividend payment for PSUs

Quick Summary:

Government has revised guidelines for state-run firms, aiming to enhance their value and returns for shareholders.

Key changes include a minimum annual dividend of 30% of profit or 4% of net worth, and provisions for share buybacks, bonus share issues, and share splitting based on specific financial criteria.

The Department of Investment and Public Asset Management (DIPAM) released the revised guidelines, amending its earlier 2016 rules, to better reflect market realities.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaAustraliaFrance

Topics: CPSE dividend policy Dividend payment norms Centre's new guidelines Buyback of shares Revised guidelines for PSUs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 08:44:24 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 648 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23684167

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