What to Watch. Seamec buyback offer begins on Monday

Shares of Seamec will remain in focus, as the buyback offer to its shareholders begins on Monday. The company plans to acquire up to 84.75 lakh shares, representing 23.28 per cent of the total paid-up equity. The floor price has been fixed at ₹125 a share. Shareholders whose names appear on its record book as on October 9 will be eligible for the offer, which ends on November 17. The acceptance would be on proportionate basis (tender process).