What to watch. Buyback open offer begins for Mayur Uniquoters

The buyback offer to the shareholders of Mayur Uniquoters will open on Wednesday and close on October 20. It plans to buy back up to five lakh fully paid-up equity shares at ₹500 apiece for an aggregate amount not exceeding ₹25 crore. The buyback, which is 1.08 per cent of its total paid-up capital, is open to all shareholders as on record date (August 26), on proportionate basis through the tender offer route. Promoters have expressed their wish to participate in the buyback.