Vinati Organics: Buyback offer opens today

Shares of Vinati Organics will remain in focus, as buyback offer will open for subscription on Friday and end on October 23. The buyback offer will be done on proportionate basis through the tender offer route. It plans to purchase up to two lakh shares, representing 0.39 per cent of the total capital base, from all the shareholders at a price of ₹1,200 a share. Only shareholders whose names appear on its books as of September 1 are eligible to participate in the buyback.