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The buyback offer of Akzo Nobel India will open for subscription by its shareholders on Friday and close on July 19. The company intends to buy back 11.20 lakh shares at a price of ₹2,100 a share, with the total buyback size adding up to ₹235.20 crore.
The buyback offer will be on proportionate basis through the tender offer route.
Shareholders whose names had appeared on the books of Akzo Nobel India as of June 7 could only participate in the buyback offer.
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