What to watch. Vinati Organics to turn ex-date for buyback

Shares of Vinati Organics will turn ex-date for the proposed buyback, which 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 the company’s books as of September 1 will be eligible to participate in the buyback offer.