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).
