hul buyback 280 Rs

#1
i heard hul has announced buy back at rs 280.00
i dont know how buy back work, but the share is trading much lower than 280

can i buy from secondary market and hope that the company offers to buyback shares from me?
 

magnet

Active Member
#2
i heard hul has announced buy back at rs 280.00
i dont know how buy back work, but the share is trading much lower than 280

can i buy from secondary market and hope that the company offers to buyback shares from me?
I guess it will be declared today...
It havent been announce but figure suggested is not more than 280 but not the same figure...It may be 260 also...
Once the news is confirm check the prices....If price starting to rise take positions....
ANd even after declaration price doesnt increase....Than it means their are too much shares freely available in market hence less demand....
Than the 280 open offer means...Its the max the company will pay to gets its share...But its trading in market at say 260....Than the company will buy directly from markt at 260 cheaper than 280 and not from u

U need to take care of this point into account

Btw is this a delist buyback???.If it had been so i would had said to buy and sell at 280 but ofcourse price would had gone higher
 

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