First listen or study clearly
900 offer will come...means company will buy from period july 6(i guess)...to july 26(again i guess)
Which means company will send letter to all shareholders having shares that they willing to pay 900 buck for every share u hold
Now what clearly need to understand is That 900 is the maximum limit at which company can stretch to buy its shares....Its not compulsory they will buy from u...
Means if in market share is trading at 820...they will buy at 820 rather than buying at 900 from u...The company if it gets its desire shares on same day 6th july from open market at cheaper rate u might even not get any buy back letters..
Recently i heard same about shree astaviniyak(or something like that)...Shares trading at 14 ...company using 25 crore rupee amount to buy-back at max 21....But share value was still going down...than i read on a site...They buying limited quanity of shares and since no demand shares are in excess so it still wasnt going at that price of 21
Same is being seen for abb after 1 day rise to 850+...it still is below 900...which means share is in excessand hence trading at price down than buy back price....
I am sure before buy back starts it will surely touch 750 per share...That will be a good price to buy and during buy back period u can atleast make 10-20% in worst case
Also check this
http://www.moneycontrol.com/news/ma...emensindia-to-discontinue-experts_458539.html