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MRO-TEK to buy back shares

MUMBAI: MRO-TEK on Friday said it would use free reserves to buy back 12.34 per cent of its total paid-up equity capital from the open market. It would buy back a maximum of 25.60 lakh fully paid-up equity shares of

Rs. 5 each at a price not exceeding Rs. 55 per share, a premium of over 17 per cent to Thursday's closing price. The offer would be open from May 21, 2007 to March 29, 2008 or when the company completes the buy back programme, whichever is earlier, the company said.

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