I remember having recommended Transpek in these columns some time back. The management has come up with an offer of "Buy Back" of share at 475 per share (CMP 424). I would suggest those who hold this stock not to accept the offer. Stock has very good potentials for those who hold patience. Patience shall pay.
We should remember that -
When a company has good plans to implement and know the unwinding value of stock it offers the buy back at throw away price to cheat the investors. Otherwise, why should they ??
I suggest a hold with patience. Reject the offer or remain silent without responding to the company. It would be understandable that the offer to the share holder remains rejected.