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The buyback offers of Balrampur Chini Mills and FDC will open for subscription on Monday and close on March 23. FDC plans to buy back 34.30 lakh shares (or 1.9 per cent stake in the company) at ₹350 a share (record date: February 26). Sugar major Balrampur Chini Mills will buy back 2.81 per cent or 66 lakh shares of the company’s equity shares at ₹150 per piece (record date: March 5). Both the offers will be on a proportionate basis through tender route.
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