I have heard from few sources that SRF is coming with a revised Buy back offer at Rs. 250 within two weeks, i am not too sure what is the basis of their statement. If someone has any idea would help us to add more to our portfolio...
yes, that is what i got the information but not too sure about the authenticity...once they make 250 as a buy back offer then SRF will be playing between 270 to 290 for two three months...
Lets hope for the best to happen and make the SRF share holder a cheered new year 2010...
Dear Raj, had contacted Mr. N. K. Gupta, co. secretary of SRF today. He clarified the following about the buyback :
1) The buyback offer with Rs. 160/- as the upper cut off price had been sent to SEBI, but has not been received back from SEBI after the due approval, although, it is expected soon.
2) The buyback would be quiet irrelevant, as the market price is much higher. Only in case there is a price collapse, then the buyback would kick in. It will be announced once it is received from SEBI.
3) There is no provision of a buyback at a higher price. If at all such a proposal is to be taken up in future, it will need to be taken up by the board as a fresh proposal, and then by the shareholders, and then will need SEBI approval. They are not aware of any move in this direction.
| NIFTY 
