29 Oct 07 EID parry buy back offer approved, buyback offer price fixed
EID Parry India Limited has approved the buyback of shares from the shareholders of EID Parry at a maximum price of Rs. 160 per share of face value Rs. 2 each. The shares of EID Parry did not participate in the strong bull run that the Indian stock markets have been witnessing. This was mainly because the sugar industry in India was not doing well. However, with the announcement of the buyback offer price, the share prices of EID Parry India zoomed up by over 3% today. The record date (effective date) for the buy back offer has not yet been anoounced
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