Route mobile will cancel that shares so it’s like this .
Total number of shares:- 62788532−16405338(26% buyback shares)= 46383194
Public shareholder (non promoter):- 26374246−16405338= 9968908(21.49%)
New Promoter holding:- 79.51%
New EPS will also increase:- NET PROFIT/TOTAL SHARES.
DIVIDEND:- Will also increase.
I think they will stop buyback when they reach 75% as promoter.
Let’s see.
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