Government revises norms linked to dividend payment for PSUs

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.

Nov 19, 2024 - 07:00

Government revises norms linked to dividend payment for PSUs

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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.