VERIFIEDMint Money·16 May 2026neutral

Wipro and Bajaj Auto announce share buybacks: Why are companies doing it now and what changed in Budget 2026?

AI Summary

·Wipro and Bajaj Auto have announced share buybacks.
·From April 1, gains from share buybacks are taxed under capital gains tax provisions.
·Previously, the entire proceeds from share buybacks were taxed as dividends at slab rates.