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Aarti Drugs is coming up with a buyback of shares worth Rs 60 Cr by re-purchasing 6 lakhs fully paid-up shares which represent 0.64% of total capital. Aarti Drugs buyback price is Rs 1000 which is 38% higher than the closing share price of the date of announcement of the buyback.
Below is the complete details about Aarti Drugs Limited Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 60 Cr |
| Buyback Number of Shares: | 6 lakhs |
| Buyback Price: | Rs 1000 |
| Buyback Offer Size (In %): | 0.64% |
| Total Share Capital: | Rs 6780 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Aarti Drugs Limited buyback offer? No
In this section we have covered all important dates related to Aarti Drugs Limited 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 | 23rd Mar 2021 |
| Buyback Approval date | 23rd Mar 2021 |
| Public Announcement of Buyback | 23rd Mar 2021 |
| Record Date | 1st Apr 2021 |
| Buyback opens on/Buyback Opening Date | 27th Apr 2021 |
| Buyback closes on/Buyback Closing Date | 10th May 2021 |
| Cut-off date to receive completed tender forms by Registrar | 12th May 2021 |
| Cut-off date for verification by the Registrar | 19th May 2021 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
19th May 2021 |
| Last date of settlement of bids on the stock exchange | 20th May 2021 |
| Last date to return unaccepted shares by Registrar | 20th May 2021 |
| Last date of extinguishment of Equity Shares | 27th May 2021 |
Stock Holding table gives a clear picture on retail investor holdings of Aarti Drugs Limited 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 | 60.2% |
| Non-Promoter-Institutions | 4.73% |
| Non-Promoter-Non-Institutions | 35.07% |
Aarti Drugs Limited Public Announcement >>Document
Aarti Drugs Limited Letter of Offer >>Document
Aarti Drugs Limited Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 8 Equity Shares out of every 569 Equity Shares held on the Record Date | 1.41% |
| General Category | 5 Equity Shares out of every 851 Equity Shares held on the Record Date | 0.59% |
For Aarti Drugs Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 128.81, No. of Equity Shares reserved in Buyback was 5,10,000 where valid bid received for retail category was 6.56.92.437 which is 128.81 oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 10.67, No. of Equity Shares reserved in Buyback was 90,000 where valid bid received for retail category was 9,60,721 which is 10.67. Final Acceptance Ratio for Retail Investors was 1.41%.
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 | 931.65 (-1.06%) | 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 | 164.70 (0.61%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 290.95 (-1.59%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.65 (-0.45%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Aarti Drugs Limited 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 Aarti Drugs Limited? How can I apply in Aarti Drugs Limited Buyback offer?Last Updated on 2021-06-27T23:03:37+00:00
