Garware Offshore Buyback offer starts on 1st January

Garware Offshore Services Limited Buyback offer will open from 1st January, 2008 and will close on 21st January 2008. HSBC Securities and Capital Markets India will act on behalf of Indiastar Mauritius Limited to purchase the shares. The Mauritian Company will buy up to 4707799 paid up equity shares of Rs. 10 each at Rs. 230 per share from the share holders of the company which would represent around 20 per cent in Garware Offshore Services Limited.