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The buyback offer from JB Chemicals & Pharmaceuticals will open for subscription on Monday and close on December 30. The company plans to buy back 29.54 lakh shares at a price of ₹440.
The company said it proposes to utilise an aggregate amount not exceeding ₹130 crore for this buyback, which represents 9.33 per cent of the total paid-up equity share capital. Shareholders holding the equity shares as on the record date of November 22 will be eligible to participate in the buyback.
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