Rel Buyback Funda?

[kenneth]

Probably he must have bought it below 1000 and has booked 100% profit in6months.Who knows.Today the stock is 3.8% down with bearish Engulfing. Probably heading towards 1585-1500

Today's Low 1584

 

[sillu_m]

yea kneeth today i short it buy back at 1600

 

[kenneth]

Hi Sillu

Hope my comments did not lead you to short. However it saw a low of 1539 and closed at 1569. Watch for levels 1518-1500-1435.

Regards
ken.

 

[kenneth]

REL has hit a low of 1433

 

[sillu_m]

No problem in two days recovered over 20000 on this countre

 

[debdeeps]

Market Rumor: REL board approves buyback of shares @ Rs 1600/share and value wise of Rs 2000 Crores around 1 Cr 25 lac shares buyback offer just 10% premium of todays closing price and 30% premium of calender year low of Rs 1225.

 

[sillu_m]

Can any body throw some light on this buy back......will the share keep trading? Will they buy back all the shares?
What will be the impact of this on the REL share?

 

[neomustdie]

hi sillu

the buyback wont be all shares for sure... it may be around 5% (not sure, but something similiar).... but i would like ot know if i want ot sell my rel energy to anil for buyback, how do i do it..????