Thilee wrote:Hi, anyone can you clarify me on the below.
JINS said that they are going to repurchase jins shares for rs36.70. There should be two advantages for the stakeholders as per my understanding. Stakeholders can sell their shares to the company back at 36.70. And also, the shares' price will be increased after the repurchase for sure.
My questions here is, the foregoing implies me that the price of the shares at the secondary market should go up , as per the logic. However, I see the case is not like this. Can you please someone educate me why the price came down to 26.40 instead of moving towards 36.70?
If you buy shares now you are not entitl for shares buy back
That too company will buy only 3 out of 5 shares you held as of 28 February
Since they sold one of the profitable business more chances are there to settle around Rs 23/24