Following up on this argument. Suprajit last week announced buy back worth 1%+ of the market cap at 50% premium to the price at the time of announcement. This according me was possible because if the ‘restraints’ exercised at the time of acquisitions. They are in position to reward shareholders while Eris and Mankind are scrambling to raise funds
Having said that – Torrent is also in news to raise funds to acquire JB pharma. I get the feeling that market is conducting live capital allocation webinar and I am happy to be student. I am ready to change my opinion on the topic as these events unfold over next few quarters
| Subscribe To Our Free Newsletter |
