Hi KAMMA SIVA RAMA KRISHNA, I am new to buybacks. till now i just particiapted in eClerx buyback only. Could you please provide some strategy on MOIL buyback? how many share do i need to buy minimum? and how many of them will be accepted? will it be profit for small retail share holders?
Sir, Moil shares can be purchased at the current market price of around Rs.176/-. Depending upon your financial position, you can purchase upto 1000 shares for each account. No conditions to purchase a particular minimum quantity. I am hopeful that not less than 50% of the shares are expected to be accepted for the buyback. Unless we believe that the deal will be a profitable one, we will not purchase n will not recommend to purchase. Please also go through all the comments of all the Buyback pages so that you can understand the topic. Thank you.
Appreciate your response to open pages for MOIL and MPS Ltd. Thank you very much for your consideration. Please keep it up.