Comments
Clariant Chemicals (India) has informed the exchanges that it has not received final approval from SEBI for the proposed buyback offer. The company’s draft letter of offer is still pending with market regulator, it said. The company's board in April had recommended a proposal to buyback up to 35.79 lakh shares at ₹950 a share through tender offer route. Shareholders of the company also approved the proposal in May. The stock of Clariant Chemicals gained 2 per cent at ₹818.30 on the BSE.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.