Totally going by what you posted, I understood that SSL hold 59.8% stake in SSI, remaining stake were with some other shareholders. Now, SSI has bought back few of its own shares (40.2%) and since SSL havent participated, all shares that were bought back were from remaining shareholder portion. Effectively, post this, there were no share left with other shareholders and hence SSL became 100% shareholder of SSI
Subscribe To Our Free Newsletter |