SH Kelkar: To turn ex-date for buyback

Shares of SH Kelkar may remain in focus, as they will turn ex-date for the proposed buyback. It plans to buy back up to 33 lakh shares of ₹10 each at ₹180 a share for an aggregate amount of ₹59.40 crore. The buyback, for all shareholders as on the record date (June 20), would be on proportionate basis. So, investors wishing to participate in the buyback need to own the shares by Tuesday. Promoters of SH Kelkar have expressed their intention to participate in the offer.