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Aarti Industries board proposes share buyback

Aarti Industries which is a specialty chemical firm, its board will be considering the proposal for buyback of its shares in a meeting which is to conducted this week. The company did not give any details about the size of the buyback.

Aarti Industries is the producer of Benzene based basic and intermediate chemicals. It is also a supplier of dyes, pigments, agro-chemicals, pharmaceuticals and rubber chemicals to global manufacturers.

In a BSE filing the company stated, “A meeting of board of directors is scheduled to be held on December 21 to consider a proposal pertaining to buyback of the fully-paid shares of the company.”

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