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ACGA features in Financial Times: SoftBank-backed Paytm launches $103mn share buyback plan

Sharmila Gopinath, ACGA Specialist Advisor, India, features in a Financial Times article – SoftBank-backed Paytm launches $103mn share buyback plan.

Sharmila’s comments are quoted below.

'Sharmila Gopinath, a governance expert, said it seemed “far too soon” for a newly listed company to be doing a buyback. “You came to market for a reason. You needed equity. But then within a year, you are buying back shares, without transparency as to why. Of course, the market is concerned,” she added.'

To read the full article, please visit the Financial Times.