BSE did a buyback in 2018 & 2019 at really low prices. In 2022 they issued bonus shares (2 bonus for 1 share held), and now in 2023 they are doing a buyback.
I am confused what is the direction here… they reduce equity for 2 years, then triple it in 2022 & now trying to reduce it again. Would really like to ask management their long term intent for shareholder value creation?
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