Technocraft Ind: Buyback offer opens

Shares of Technocraft Industries (India) will remain in focus, as the company’s ₹147-crore buyback offer opens for subscription on Wednesday. The offer will close on February 22. Technocraft plans to mop up 28 lakh shares at a price not exceeding ₹525 a share. The buyback would be made through the tender route for which the company had fixed the record date at January 12. Promoters currently hold 75 per cent stake in the company and retail investors 8.73 per cent.