Gandhi Special Tubes has announced a buyback offer for up to 8.68 lakh shares at ₹900 per share, totaling ₹78.13 Cr.

This tender offer aims to return surplus cash to investors and enhance shareholder value.

The buyback period opens on August 27 and closes on September 2. Promoters intend to participate.

Assuming full acceptance, promoter shareholding is expected to slightly increase from 73.53% to 74.19%, with public shareholding adjusting from 26.47% to 25.81%. This is a focused opportunity for investors.