NLC INDIA BUY BACK OFFER.pdf (631.1 KB)
NLC india, yesterday has announced its buyback of 9.28% of shares @88. Closing prices yesterday was Rs.73 and today it closed around Rs.83 making handsome gains on same.
People who are looking for decent returns can enter NLC india at lower prices for Buyback purposes as it seems nearly all the shares will be bought back. PA Wealth Advisors www.pawealthadvisors.com has also recommended this stock for buyback activity only terming it as special situtation idea.
Acceptance Ratio expected for Small Shareholders 97%
Buyback Price has been fixed @88, so as low as we buy higher the returns will be and process is expected to be completed in 3 months maximum
(Note: Please read the attached report for more clarity on calculations part)