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Incorporated in 1936, FDC Ltd("Fairdeal Corporation") is engaged in manufacturing and marketing of Oral Rehydration Salts (ORS) and Ophthalmics. The copany has also set-up globally approved, multi-location manufacturing facilities for Active Pharmaceuticals Ingredients (APIs) as well as Finished Dosage Forms. These facilities are located at Roha, Waluj and Sinnar in Maharashtra, Verna in Goa and Baddi in Himachal Pradesh. FDC markets more than 300 products in India and exports many of these to over 50 countries.
Feb 07,2018 - FDC Ltd(BSE: 531599 | NSE: FDC) Board has approved a proposal for buyback of up to 3.43 lakh shares at Rs 350 per share, aggregating Rs 120.05 Crores.
Below is the complete details about FDC Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 120.05 Cr |
| Buyback Number of Shares: | 3.43 lakh |
| Buyback Price: | Rs 350 |
| Buyback Offer Size (In %): | |
| Total Share Capital: | Rs 4,771.26 Cr |
| Face Value: | 1 Per Equity Share |
Can I Invest today to participate in FDC Ltd buyback offer? No
In this section we have covered all important dates related to FDC Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 7th Feb 2018 |
| Buyback Approval date | 7th Feb 2018 |
| Public Announcement of Buyback | 7th Feb 2018 |
| Record Date | 27th Feb 2018 |
| Buyback opens on/Buyback Opening Date | 12th Mar 2018 |
| Buyback closes on/Buyback Closing Date | 23rd Mar 2018 |
| Cut-off date to receive completed tender forms by Registrar | 26th Mar 2018 |
| Cut-off date for verification by the Registrar | 26th Mar 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
27th Mar 2018 |
| Last date of settlement of bids on the stock exchange | 28th Mar 2018 |
| Last date to return unaccepted shares by Registrar | 28th Mar 2018 |
| Last date of extinguishment of Equity Shares | 4th Apr 2018 |
Stock Holding table gives a clear picture on retail investor holdings of FDC Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 0.0% |
| Promoter-Indian | 68.89% |
| Non-Promoter-Institutions | 13.89% |
| Non-Promoter-Non-Institutions | 17.22% |
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 37 Equity Share out of every 273 fully paid-up Equity Share held on the Record Date. | 13.55 |
| General Category | 13 Equity Share out of every 776 fully paid-up Equity Share held on the Record Date. | 1.68% |
For FDC Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 809%, No. of Equity Shares reserved in Buyback was 2915500 where valid bid received for retail category was 23595867 which is 809% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 155%, No. of Equity Shares reserved in Buyback was 514500 where valid bid received for retail category was 797555 which is 155%. Final Acceptance Ratio for Retail Investors was 75%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 935.70 (-3.18%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 176.75 (-1.81%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 295.90 (-1.10%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.70 (-0.27%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
FDC Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for FDC Ltd? How can I apply in FDC Ltd Buyback offer?Last Updated on 2019-05-31T07:06:00+00:00
