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Indal extends date for buyback offer

KOLKATA: Indal, subsidiary of Hindalco Industries of Aditya Birla group, has extended the buyback offer to shareholders till February 2005. Company sources said the offer would be at a price of Rs. 120 per share and available to shareholders who could not participate in the earlier exit option. Meanwhile, the Bombay, Kolkata and National stock exchanges have suspended trading in Indal shares as Hindalco had already acquired 96.37 per cent of the company's stockholding. — PTI

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