Hello Everyone
On 28 June, Crompton Greaves issued a "Buy Back" of shares at 125 Rs and Google media did make some noise of big rally.
Currently prices are hovering around in range of 90-91, So, potential offer price of 125 seems to be grand. 38% boost. I've downloaded the relevant minutes of meetings of CG but it is all written in English that I do not fully understand.
So, how many of you know about this and how does this Buy Back work in general?
More important, How many of you are going to drop whatever it is you were doing and trade CG or CG-based Derivative first?
On 28 June, Crompton Greaves issued a "Buy Back" of shares at 125 Rs and Google media did make some noise of big rally.
Currently prices are hovering around in range of 90-91, So, potential offer price of 125 seems to be grand. 38% boost. I've downloaded the relevant minutes of meetings of CG but it is all written in English that I do not fully understand.
So, how many of you know about this and how does this Buy Back work in general?
More important, How many of you are going to drop whatever it is you were doing and trade CG or CG-based Derivative first?