Ooh I got it now. Its much clearer. Your concern is on LKT buying now and then issue new shares later? There is no straight forward answers unfortunately. Respective shareholders will have to go through the details if there is such situation and make a decision thereafter. Things like reasons for issuance of new shares, the subtle balance between debt and equity, the timing which typically coincide with favourable market conditions and etc. Personally for me, from valuation perspective, issuing new shares when share price is at low valuation will be detrimental to investors confidence - eps dilution and will trigger market rerating.