This can be a good time to buy Mphasis shares!
WHY PARTICIPATE IN MPHASIS BUYBACK?
A good price: Mphasis shares closed at Rs 1,117 on 5th October. However, the buyback price offered is Rs . 1,350 per share. That's a difference of 20.8%. This may be an opportunity for short-term investors.
Better acceptance ratio: We expect a high retail acceptance ratio of 80% for the Mphasis buyback. This is the proportion of shares that the company could eventually buy in the buyback. The higher the ratio, the better chances of your buyback bid being accepted.
Better chance for small investors: As directed by SEBI, 15% should be reserved for small investors in buyback. This maybe a better chance for small investors for having their buyback bid accepted.
Read all about the buyback for Mphasis in our report and grab the opportunity today!