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Shares of SKF India and Oil India will remain in focus, as the buyback offers to their shareholders open for subscription on Tuesday.
Oil India plans to mop up 4.49 crore shares at ₹340 a share while SKF India plans to buy 26 lakh shares at ₹1,500 apiece. Both the offers are following the tender offer route.
Earlier, SKF India had fixed the record date as April 7, and Oil India, April 5, to identify eligible shareholders to particpate in the buyback offers.
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