On March 6, 2023, the Ajanta Pharma buyback 2023 announcement was made. The start date for the Ajanta Pharma buyback is March 31, 2023. The record date for Ajanta Pharma’s buyback is March 24, 2023. In order to be eligible for the buyback, the investor must purchase shares of Ajanta Pharma prior
to the record date. The board of directors approved the Ajanta Pharma Buyback of ₹389 crores during a meeting on March 6, 2023. The stock exchange system will be used for the Ajanta Pharma Buyback via the Tender Offer procedure. The business’s board of directors gave its approval for the buyback by the company of its fully paid-up equity shares with a face value of ₹2 each equity share, at a price of ₹1425 rupees per equity share, and for a total not to exceed ₹389 crores from the shareholders.
Ajanta Pharma Buyback History
- February 2022 – They buyback of 1,120,000 equity shares worth ₹285.60 Crores at the buyback price of ₹2550 per share.
Ajanta Pharma Buyback 2023 Dates
| Buyback Meeting Date: | March 6, 2023 |
| Buyback Announcement Date: | March 6, 2023 |
| Buyback Record Date: | March 24, 2023 |
| Buyback Open Date: | March 31, 2023 |
| Buyback Close Date: | April 10, 2023 |
| Finalization of Buyback Acceptance: | April 13, 2023 |
Ajanta Pharma Buyback 2023 Offer Details
At a price of ₹1,425 per equity share, Ajanta Pharma conducted a buyback of 2,210,500 equity shares. The total size of the buyback offers cannot exceed ₹389 crores.
| Offer Amount: | ₹389 Crores |
| Number of Shares: | 2,210,500 Equity Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹1,425 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
Ajanta Pharma Buyback 2023 Acceptance Ratio
A total of 140 shares should be purchased by the investor on March 6, 2023, market price of ₹1,169. 140 shares will be calculated as follows: ₹2,00,000 / ₹1,425 buyback price.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
|---|---|---|---|
| 33% | ₹164,070 | 46 | ₹11,857 |
| 50% | ₹164,070 | 70 | ₹17,965 |
| 75% | ₹164,070 | 105 | ₹26,947 |
| 100% | ₹164,070 | 140 | ₹35,930 |
Ajanta Pharma Financial Report
| ₹ in Crores | ₹ in Crores | ₹ in Crores | ||
|---|---|---|---|---|
| Year | Revenue | Expense | PAT | |
| 2020 | ₹2381 | ₹1677 | ₹441 | |
| 2021 | ₹2822 | ₹1809 | ₹676 | |
| 2023 | ₹3280 | ₹2259 | ₹720 |
How to Participate in Ajanta Pharma Buyback 2023
Investors who held Ajanta Pharma shares in their Demat account prior to the record date are eligible for the buyback program. According to the opening form, eligible shareholders can participate in the Ajanta Pharma Buyback 2023 scheme by selling their shares. According to the Ajanta Pharmaepted shares by the business under the Ajanta Pharma buyback program, the payment would be made.
Ajanta Pharma Contact Info
Ajanta Pharma Limited
Ajanta House, Charkop,
Kandivali West,
Mumbai 400 067
Phone: +91 22 6606 1000
Email: legal.info@ajantapharma.com
Website: http://www.ajantapharma.com
Ajanta Pharma Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: ajantapharma2023.buyback@linkintime.co.in
Website: https://linkintime.co.in
Ajanta Pharma Buyback 2023 Lead Managers
- Edelweiss Financial Services Ltd
Ajanta Pharma Buyback 2023 FAQs
Q1. When is Ajanta Pharma Buyback 2023 Record Date?
Ans. The record date for the Ajanta Pharma buyback is March 24, 2023.
Q2. When is Ajanta Pharma Buyback 2023 Open Date?
Ans. March 31, 2023, is the open date for the Ajanta Pharma buyback.
Q3. What is Ajanta Pharma Buyback 2023 Price?
Ans. The price per share has been set by the business at ₹1,425.
Q4. How to apply for Ajanta Pharma Buyback 2023?
Ans. You must have Ajanta Pharma shares in your Demat Account as of the record date. Once the stock is in your Account, you can take part in the buyback.
