It is not going to change any of the market sentiment. Simply put, the arbitrage which is coming up because of the current market price versus the buyback price, is too low per se because I am taking the arbitrage net of taxes. On the current market price, if the arbitrage difference is 17%, the net of taxes is around 12% and assuming that the buyback is around 6% to 7% of the quantity we will get will ebb off because of the current market price. That's why I suggested a three-tier structure wherein you create a supervisory board. The job of the supervisory board is to basically gather such inputs and ultimately guide the governing board of the company and the governing board of the company would then turn to the CEO and the management of the company.

Source: Economic Times August 19, 2017 08:48 UTC