Tech Mahindra Limited
CLOSED 🏷️ TENDER OFFERShare Buyback · Listed Equity · IPO Guide · Scrip: TECHM
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Buyback Summary:
Company is offering to buy back equity shares at ₹950.00 per share.
(Record Date: 06 Mar 2019)
Buyback Price
₹950
Total Shares
20,585,000
Record Date
06 Mar 2019
Buyback Dates
25 Mar – 05 Apr 2019
Expert Rating
The financials of the company looks very good, RoNW is 31.24% and at CMP its looks very fully priced. Price difference is around 15% and acceptance ration as per current share holding for retail will be around 5%, so we may expect the final acceptance ratio may be around 15% and profit may be 2-3%. So we give rating to this buyback.
Disclaimer
No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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