What to Watch. Mangalam Organics: Buyback offer opens

The buyback offer of Mangalam Organics will open on Monday and close on May 8. The company plans to mop up 6.10 lakh shares, representing 6.74 per cent of the paid-up equity share capital, from existing shareholders at ₹230 a share. The buyback offer is through the tender offer route and shareholders whose names appear on the book of Mangalam Organics as on the record date (April 4) are eligible to participate. The promoter/promoter group will not participate in the buyback.