Part 1 For this part let us assume that today is 12th November 2020. Case Screening: While going through corporate announcements we come to know that NMDC has initiated a buyback. In the board meeting dated 10/11/2020, the board of directors had approved the buyback of 13,12,43,809 equity shares representing 5.05% of total paid capital @105/- per share. The Company has fixed 23th November 2020 as the record date for the purpose of determining the entitlement of shareholders who will be eligibile to participate in the proposed buyback offer. This means there is time till 20-21th of November to take decision about participating in the buyback. Today through public announcement, the promoter expressed his … Continue reading NMDC – Buyback Case Study →