PayTm is doing a Open Market Offer Buyback
a. For INR 850 Cr
b. At INR 810 per share
Does this mean that you'll get 810/ share if you participate in the buyback?
No!
Please read to understand an Open Market Offer Buyback👇
a. For INR 850 Cr
b. At INR 810 per share
Does this mean that you'll get 810/ share if you participate in the buyback?
No!
Please read to understand an Open Market Offer Buyback👇
Open Market Buyback
--> Here the company asks its brokers to buyback shares at the prevailing mkt price
--> When Infy's share was at ₹1,400, co announced a buyback at a price of up to ₹1,850
This meant that brokers will buyback at mkt price until it doesn't exceed ₹1,850
--> Here the company asks its brokers to buyback shares at the prevailing mkt price
--> When Infy's share was at ₹1,400, co announced a buyback at a price of up to ₹1,850
This meant that brokers will buyback at mkt price until it doesn't exceed ₹1,850
So for #PayTm's shareholders in this case:
1. You can sell your shares at mkt price for the Buyback
2. The company will not repurchase shares from you if they complete buying back shares worth INR 850 Cr
3. The company won't buy from you if share price exceeds INR 810
1. You can sell your shares at mkt price for the Buyback
2. The company will not repurchase shares from you if they complete buying back shares worth INR 850 Cr
3. The company won't buy from you if share price exceeds INR 810
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