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AkzoNobel India Ltd, formerly ICI Ltd, has fixed the entitlement ratio for small shareholders for its proposed buyback. In a note, it said that the board-authorised committee on Wednesday fixed the entitlements. For the small shareholders it would be “13 equity shares out of every 121 fully paid-up equity shares held by such small shareholder as on the record date” of June 8.
The buyback entitlement ratio for “other shareholders” has been fixed as 15 equity shares out of every 178 fully paid-up equity shares held.
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