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Bond Baba (Unlocked) : HCL Tech accepts 2/3rd of Buyback, a 10% Return in 3 months

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The HCL Tech buyback is complete. Out of every 220 shares, 148 shares have been accepted, and the rest will come back to you. This implies an acceptance ratio of 67% of your shares. Effectively, you bought HCL Tech shares at about Rs. 860. For 220 shares you paid Rs. 1,89,200. Today you would have received Rs. 1,48,000 (148 shares bought back at Rs. 1,000 each). The remaining 72 shares will come back tomorrow. If sold at . . .

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