Bajaj auto buyback

[iamdhamo]

Anyone applying for Bajaj auto buyback by buying the stock at cmp

 

[Mr. BeanMr. Bean is verified member.]

One must be crazy to buy at CMP as it is sure to go down after the buyback. Happens with almost all buybacks.

 

[iamdhamo]

One must be crazy to buy at CMP as it is sure to go down after the buyback. Happens with almost all buybacks.

Yeah bro true and it seems buy back will be only for 10% of the total applications

 

[iamdhamo]

Tcs buy back was certain for small investors (less than 48) where they definitely buy 1 if one applies for 6 shares.

So Bajaj auto not good for arbitrage trading

 

[Deleted member 11974]

3-10% is at best acceptance rate as promoters as participating so not lucrative enough