Piramal Enterprises buyback 2023 was announced on July 28, 2023. The Piramal Enterprises repurchase will begin on August 31, 2023. Piramal Enterprises’ buyback record date is August 25, 2023. To be eligible for the buyback, the investor must purchase Piramal Enterprises shares prior to the record date.
Piramal Enterprise’s buyback of 1750 crores was approved by the board of directors at its meeting on July 28, 2023. Piramal Enterprises buyback will take place using the stock exchange’s Tender Offer procedure. The company’s board of directors authorized the buyback of its fully paid-up equity shares with a face value of 2 each at a price of 1250 per equity share and for an aggregate amount not exceeding 1750 crores from the shareholders. Piramal Group is a multinational company with holdings in pharmaceuticals,
financial services, and real estate. The Group has offices in over 30 countries, a global brand presence in over 100 markets, and employs over 10,000 individuals from 21 different nationalities globally. Piramal Group has pursued a dual strategy of organic and inorganic expansion for over three decades. Piramal Group has worked for inclusive growth while adhering to ethical and values-driven practises, guided by its fundamental principles.
Piramal Enterprises Share Buyback 2023 Details
| Offer Amount: | ₹1750 Crores |
| Number of Shares: | 1,40,00,000 Equity Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹1250 per equity share |
| Listing: | BSE and NSE |
| Buyback Type: | Open Market |
Piramal Enterprises Buyback Dates (Timeline)
| Buyback Meeting Date: | July 28, 2023 |
| Buyback Announcement Date: | July 28, 2023 |
| Buyback Record Date: | July 25, 2023 |
| Last Date to Buy Shares: | July 24, 2023 |
| Buyback Open Date: | August 31, 2023 |
| Buyback Close Date: | September 6, 2023 |
| Finalization of Buyback Acceptance: | 2023 |
Piramal Enterprises Financial Performance
| ₹ in Crores | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2020 | ₹13,068 | ₹6,801 | ₹21 |
| 2021 | ₹12,809 | ₹5,338 | ₹1,413 |
| 2022 | ₹7,726 | ₹1,984 | ₹1,999 |
Piramal Enterprises Buyback Acceptance Ratio
| Acceptance Ratio | Investment | Shares Buyback | Profit |
|---|---|---|---|
| 33% | ₹171,680 | 53 | ₹9,381 |
| 50% | ₹171,680 | 80 | ₹14,160 |
| 75% | ₹171,680 | 120 | ₹21,240 |
| 100% | ₹171,680 | 160 | ₹28,320 |
Process to Participate in Piramal Enterprises Buyback
Investors with Piramal Enterprises shares in their Demat Piramal Enterprisesount as the Open Market are eligible for the repurchase scheme. Eligible Shareholders can participate in the Piramal Enterprises Buyback 2023 scheme by selling their shares in accordance with the opening form. The payment will be made in accordance with the Piramal Enterprisesepted shares by the business under the Piramal Enterprises repurchase scheme.
Piramal Enterprises Buyback 2023 Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
Piramal Enterprises Company Address
Piramal Enterprises Limited
Piramal Ananta, Agastya Corporate Park,
Opposite Fire Brigade, Kamani Junction, LBS Marg,
Kurla (West), Mumbai – 400070
Phone: +91-22-3802 3000/400
Email: [email protected]
Website: https://www.piramal.com
Piramal Enterprises Buyback 2023 Lead Managers
- Jm Financial Limited
Piramal Enterprises IPO FAQs :
Q1. What are Piramal Enterprises buyback dates?
Ans. Piramal Enterprises share buyback opens on 2023 and closes on 2023.
Q2. Which type of is Piramal Enterprises buyback offer?
Ans. Piramal Enterprises buyback is a tender offer.
Q3. What is the Piramal Enterprises buyback price?
Ans. Piramal Enterprises buyback price is INR 1,250 per share.
Q4. What is the Piramal Enterprises buyback record date?
Ans. Piramal Enterprises buyback record date is 25 August 2023.
Q5. How to participate in Piramal Enterprises share buyback?
Ans. Piramal Enterprises share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
