Rolls of coloured yarn sit on hangars at a knitting centre (Photographer: Lisi Niesner/Bloomberg)

KPR Mill Cancels Buyback After Tax Imposed In Budget 2019

Jul 11 2019, 6:38 PMJul 12 2019, 7:26 AMJuly 11 2019, 6:38 PMJuly 12 2019, 7:26 AM

KPR Mill Ltd. became the first company to cancel its buyback plan after Budget 2019 imposed a tax on repurchase of shares.The increase in the amount of buyback obligation due to the tax proposal in...