HPCL’s buyback is being done through the open market over six months, while NTPC’s buyback is through the tender offer process. Analysts said NTPC has investors who are not tendering shares in the offer, as reflected in the acceptance ratio of 16-20 per cent, as the buyback price is lower than market expectations.
Related Posts
PNB Q3 results: Net profit declines 18% to Rs 506 cr; NII falls marginally to Rs 8,313 cr
The lender’s net interest income also fell little over 1 per cent on year to Rs 8,313 crore…
February 6, 2021
At 73 times earnings, is Craftsman Automation IPO worth investing?
Analysts on Dalal Street said the issue is aggressively priced, but some of them see value in the…
March 13, 2021
Balance small, mid and large plays on a ‘barbell’
As markets resume their upward journey after the budget, fund managers believe existing mutual fund investors could use…
February 4, 2021
Lithium Prices Soar As Tesla, Apple And Google Fight For Supply
Invest in Best Mining Pool Invest in Bitcoin Now How to invest in crypto?
February 24, 2021