Business Standard

Corporate Announcements On The Bse

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BUSINESS STANDARD

OPEN OFFERS

Hindalco Industries: DSP Merrill Lynch has informed on behalf of the company that, pursuant to the public announcement for open offer made by the company to shareholders of Indian Aluminium, the company has acquired 750 (0.001 per cent) equity shares of Indian Aluminium on 21.08.02. The maximum price paid for shares acquired through open market purchases was Rs 118 per share. Hindalco also acquired 7238 (0.01 per cent) equity shares of the company on 22.08.02. The maximum price paid for shares acquired through open market purchases was Rs 118 per share.

BUYBACKS

Tube Investments: The board met August 22, 2002 and approved the buy-back of equity shares of the company. The company proposes to buyback a maximum of 61,55,769 number of equity shares representing 25 per cent of the equity capital. The proposed method of buyback is through

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First Published: Aug 23 2002 | 12:00 AM IST

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