Aarti Industries plans Rs 98.45 crore buyback

03 Jan 2018

Aarti Industries is planning for Rs 98.45 crore buyback. The company will buy back up to 8.20 lakh shares at Rs 1,200 a share through the tender offer route. The promoter group intends to participate in the buyback. The company’s board of directors had fixed January 5 as the record date for the buyback.

Aarti Industries is one of the most competitive benzene-based speciality chemical companies in the world. It is a rare instance of a global speciality chemicals company that combines process chemistry competence (recipe focus) with scale-up engineering competence (asset utilization).

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