As an engineering company operating in India’s steel sector, Pennar Industries boasts gross sales of INR 7.3 billion in financial Year 2009. Pennar had been on the brink of bankruptcy in the early 2000s, but, thanks to foreign investment, the company went on to experience a remarkable turnaround. In 2009, the board of directors at Pennar is considering a share buyback.As the chief financial officer at Pennar Industries prepares the share-buyback proposal that is due to be presented to the board of directors for approval, he wonders whether a share buyback represents the right decision for the company and its shareholders. If so, what buyback price should he recommend to the board? And if not, what other investment options should the company consider instead?
看看哪些人也有訂購？