As per this management interview, they’re buying back because promoter holding had fallen to ~72% after FCCB conversion and they wanted to bring it back to the ~74% levels which have been seen historically. Disclosure to bse was made because it is a guideline as per SEBI. Also interview makes it clear that management sees value in the stock below 500 levels that’s why buying back at these levels.
| Subscribe To Our Free Newsletter |
