A company with 1,00,000 equity shares earns Rs 4,00,000. The market price of a share is Rs 50. It plans to repurchase 20% of its shares in the open market. The repurchase is not expected to alter...

A company with 1,00,000 equity shares earns Rs 4,00,000. The market price of a share is Rs 50. It plans to repurchase 20% of its shares in the open market. The repurchase is not expected to alter either the net income or P/E ratio. Find the post-repurchase price of share.