Retail investors trimmed holdings across most BSE 500 companies in the March quarter, mirroring market weakness driven by global uncertainty. While retail pulled back, foreign investors and domestic funds increased stakes in multiple firms. Promoters also boosted shareholding at lower prices, and foreign portfolio investor ownership in Indian companies continued to decline.
After two years of selling, Indian promoters have reversed course, pouring more than $4 billion into their own companies since January 1, 2026. The move follows a market correction that made valuations look cheaper, with visible stake hikes in firms including Adani Enterprises and GMR Airports. The pattern suggests insiders see renewed upside after the downturn.
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After a two-year stretch of heavy equity selling, Indian promoters flipped in 2026, pouring more than $4 billion into buying their own company stocks. The move, seen across major groups including Adani and GMR, comes as valuations stabilize following a market correction and is read as renewed belief in long-term growth, especially for asset-heavy businesses.
The Income Tax Department has clarified that capital gains from share buybacks will attract a new 12% surcharge for promoters, introduced under the Finance Bill 2026. For non-promoter shareholders, the surcharge treatment remains tied to their normal income-based rules. The clarification aims to standardize how buyback transactions are taxed across categories.
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