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