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The buyback offer for shareholders of Allcargo Logistics will open on Wednesday and end on January 3. It plans to buy back up to 64 lakh shares, representing 2.54 per cent of the total outstanding equity shares of the company at ₹195 a share.
The buyback offer will be made on proportionate basis through tender offer to all the shareholders as on the record date November 18. The promoter group had indicated its intention to participate in the buyback.
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