The buyback offer for Gujarat Apollo Industries begins on Monday. The company plans to mop up a maximum of 15 lakh equity shares and will not buy any shares at a price above ₹150. The buyback is open to all equity shareholders and beneficial owners, except promoters and persons acting in concert. The buyback window would be open till May 27, 2016. The buyback will be made only through the order-matching mechanism except “all or none” orders.
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