Hello All
I'm a newbie into equities investing, so please pardon me if my question is too stupid.
Infosys board has approved buy back at Rs. 1150 and for small investors (holding shares worth less than 2 lacks on record date) acceptance ratio is 59% and it's trading today (20th Sep) at Rs. 913.
Firstly, Is this not an arbitrage opportunity? Or am I missing the elephant in front of me??
Secondly, can the record date be in the past from the date it's announced?
Thanks in advance
Dharma
I'm a newbie into equities investing, so please pardon me if my question is too stupid.
Infosys board has approved buy back at Rs. 1150 and for small investors (holding shares worth less than 2 lacks on record date) acceptance ratio is 59% and it's trading today (20th Sep) at Rs. 913.
Firstly, Is this not an arbitrage opportunity? Or am I missing the elephant in front of me??
Secondly, can the record date be in the past from the date it's announced?
Thanks in advance
Dharma