Lets see A company owned by A B C three persons,
A has 20 %
B has 30 %
C has 50 %
They launch IPO reduce promoters stake to 70 %
Now A has 15 %
B has 20 %
C has 35 %
suppose after 20 years company offers buyback of public share
will this buyback go to this promoter ?
i read that quick heall promoters are also participating in buyback (means they are selling their portion in buy back )
who takes this buy back then, if not promoters ?