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).
| Company Name | CMP |
|---|---|
| BASF India | 3645.00 |
| Tata Chemicals | 804.85 |
| SRF | 2559.00 |
| Pidilite Inds. | 1365.55 |
| Deepak Nitrite | 1751.80 |
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