What to watch. Buyback offer of Balrampur Chini opens

The buyback window to the shareholders of Balrampur Chini Mills opens on Tuesday and ends on February 20. The sugar major announced a buyback of equity shares worth ₹175 crore through the tender offer route on propotionate basis. The company plans to buy back one crore equity shares at ₹175 each, which will be paid in cash. The company had fixed January 13 as record date for determining the entitlement and the names of eligible shareholders.