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How many shares will be bought back by the firm

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Problem 1: A firm Repurchase Inc has decided to buyback shares worth INR 96 crores from the market using the open market route. The outstanding shares of the firm is 50,00,000 and the current value of this firm is INR 1200 crores. How many shares will be bought back by this firm?

Reference no: EM132706278

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