Coal India Buyback: Probability of positive returns from 0.50% to 7.06%

Jainam Research | Feb. 5, 2019, 12:22 p.m.

Recommendation

We at Jainam Share Consultants Pvt. Ltd. recommend retail investors “Not to Participate” in Coal India Ltd Buyback. In the case of acceptance ratio from 10% to 100%, there will be a probability of positive returns from 0.50% to 7.06%. Due to the high public shareholding in company, there will participation of several existing and new investors in this buyback opportunity, we expect the acceptance ratio to be very low.



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