Kaminey Buy back
See how Kaminey are this Buy-Back Buyback is reverse of issue of shares by a company where it offers to take back its shares owned by the investors at a specified price; this offer can be binding or optional to the investors. For me Buyback are more effective than Bonus if there is Growth visibility in the company. Buy back doesn’t mean Investor buys shares from market & participates in Market by surrendering it back to Company at Maximum Price. Recently Provogue India & Jindal Poly films announced Buy back of shares. In case of Provogue,Corporate Announcement clearly states Max price will be 100, that doesn’t mean Investor can buy from Market at Current Market price of Rs.55 & sell it back to company for Rs.100. In case of Provogue,Corporate Announcement clearly states Max price will be 100, that doesn’t mean Investor can buy from Market at Current Market price of Rs.55 & sell it back to company for Rs.100. Company appoints an Investment Banker/Broker who will buy on b