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The buyback offer of Gujarat Apollo Industries opens on Thursday. It plans to mop up shares worth ₹24 crore at a maximum price of ₹189 apiece. The buyback is open to all equity-holders and beneficial owners, except promoters and PAC. The buyback window would be open till November 3. Pursuant to the proposed buyback of shares and depending on the response, the voting rights of the promoters in the company may increase by over 5 per cent.
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