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Last Updated : Jun 06, 2019 06:24 PM IST | Source:

3 Point Analysis | Adani Ports & SEZ announces Rs 1,960 crore buyback

Sakshi Batra explains how Adani Ports and SEZ's buyback of shares could prove to be good for the company.

Moneycontrol News @moneycontrolcom

Adani Ports and Special Economic Zone (APSEZ) recently announced buyback of shares at a price not exceeding Rs 500 a share or with a premium of 18 percent to its market price.

The flagship Adani Group company’s move could prove to be a good strategy as far as using surplus cash in the books is concerned.

Moneycontrol’s Sakshi Batra does a 3-Point Analysis of the rationale behind the buyback and whether it will create value for the company.

Watch the video for more.

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First Published on Jun 6, 2019 06:05 pm
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