CURRENTLY OPEN IDEAS ARE AVAILABLE FOR MEMBERS ONLY.
Navneet Education Limited – INDIA – Buyback
On August 13, 2018, Navneet Education Limited (BSE:508989) announced that it intends to initiate an equity buyback. The Company's Board of Directors will consider a share repurchase program under which, the company will buyback its own shares. On August 20, 2018, Navneet Education Limited (BSE:508989) announced a tender offer to buyback 4.69 million shares at a buyback price of INR 160.00 per share. This represents a spread of 25.5% over the market price of INR 127.45 per share, as of the…