Infosys has also opted for this route. Though personally I may lose on the sale of a few shares to the company, but I felt that Infosys buying from the market may send a bigger message to the market. It seems that they will buy at their preferred rates whenever it suits. However, in this case (Info), their buying of 5 crore shares from the market should affect its price. Shouldn’t the Cosmo shares also benefit by their buyback from the market?
Just my two cents. May be my logic is not correct.
| Subscribe To Our Free Newsletter |
