I did not know how the delisting/reverse book building process works – I was asking a question if the price is open/transparent during the reverse book bidding process or will it be secret as I couldn’t make that out from the few articles I read. @HIMSHAH clarified that it is open and transparent. So that’s that. Not sure why you think I was making some claim that it’s secret.
Regarding the buyback, whether 75 is an attractive price or not is in the eyes of the beholder. In my view it is not, but for some people it may well be a good price. After all, it’s a few years since the shares have quoted in that range. Of course, if only the promoter tenders, their shareholding will go down. But that’s not what I said. Please read my comment properly. It is quite possible for promoter shareholding to go up if they tender some and others tender more. You can do an excel calculation. Again, @HIMSHAH in his latest comment has added some additional context regarding exchange rules that makes his initial observation clearer to me.
Fair enough about speculating, but I see this as a dialogue/exploratory discussion for me to better understand possible outcomes. It’s not like I blamed the company for cheating public shareholders. I am invested myself and have stayed invested because I consider it good value + trust in mgmt.
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