Don’t miss the latest developments in business and finance.

Bull run takes the sheen off buyback plans

Image
Kausik Datta Kolkata
Last Updated : Jan 28 2013 | 2:19 AM IST
 The recent bull run has made almost all associated with the stock markets happy except some companies which intend to purchase shares from retail investors. Reason: the market price of the stocks of those companies surpassed offer prices, robbing the buyback offers of their sheen.

 Offers meant for the shareholders of Century Enka, Sun Pharmaceuticals and Punjab Tractors have virtually lost significance with the offer prices becoming lower from Friday

Also Read

First Published: Sep 01 2003 | 12:00 AM IST

Next Story