Rain Commodities, Crisil on buyback offer

Rating firm Crisil and cement maker Rain Commodities were among a few companies that have completed substantial portion of the buy back offers they had announced last year. While Crisil bought back shares worth Rs 79.2 crore against Rs 80 crore announced, Rain bought back Rs 33.5 crore of Rs 35 crore. "Crisil and Rain Commodities were quite aggressive as they have completed almost 99.08 per cent and 96.75 per cent of their buybacks respectively, SMC Capital said in a study released on Monday. Most other companies have not bought much . "Of the 16 buybacks, which are ongoing as of now, there are only five buybacks in which actual bought back amount is at least 50 per cent of the aggregate announced buyback size. In the case of remaining 11 buybacks, the actual buyback numbers as of now are quite modest in comparison to the aggregate announced buyback amounts.