Eyes on Disa India buyback offer

The buyback offer for Disa India shareholders kicks off on Thursday. The company plans to buy back up to 56,000 shares of ₹10 each (or 3.71 per cent of the total paid-up capital), from shareholders on proportionate basis at ₹4,800 a share. It had fixed October 4 as the record date for the buyback, which closes for subscription on November 17. Disa Holding AG and Disa Holding A/S, its promoters, had indicated their willingness to participate in the buyback.