> I mean, sure, SEBI would probably not let this through, but I promise you they’d struggle to find an actual rule to cite while saying no.
Couldn't they just say "you still need to buy at least 15% from the retail investors. 0% is less than 15%, so if you only buy a single share it has to come from a retail investor"?
Indiamart is overpaying to buy its own stock
> I mean, sure, SEBI would probably not let this through, but I promise you they’d struggle to find an actual rule to cite while saying no.
Couldn't they just say "you still need to buy at least 15% from the retail investors. 0% is less than 15%, so if you only buy a single share it has to come from a retail investor"?
I really like your posts .
They bring so much knowledge