This is so useful! Really appreciate. One more thing:
In your calculation of the acceptance ratio, you’ve taken Dinesh Agarwal’s total number of shares, and the numbers do fit that way. But in the Buyback Letter of Offer, it was mentioned that Dinesh Agarwal would tender a maximum of about 93k shares, which makes his final effective acceptance ratio more than 40%.
What’s your understanding of this?
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