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The buyback offer from Freshtrop Fruits will open on Wednesday. The company plans to buy back up to 10 lakh shares, representing 8.23 per cent of the total paid-up equity share capital, at ₹110 a share.
Shareholders whose names had appeared on October 11 (record date) in its book are eligible to participate in the buyback. The ₹11-crore buyback offer is on proportionate basis through the tender offer route. Shareholders will closely monitor the response to the issue.
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