We will get to know that on 8th. If they go for a tender offer buyback then max size of buyback can be 175Cr. If they go for a market buyback then max size of buyback can be 70Cr. For a tender buyback they need to pass a special resolution first.
Only a 25% tender buyback will move markets significantly IMO, the 10% BB was expected and may have been discounted.
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