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Incorporated in 1984, Aarti Drugs Limited (BSE Code:524348;NSE:AARTIDRUGS) is engaged in manufacturing of Pharmaceuticals products. The Company has established a strong presence in the Anti-diarrhea, Anti-inflammatory therapeutic groups. With its manufacturing facilities at Tarapur and Sarigam, the Company manufactures Vitamins, Anti-arthritis, Anti-fungal, Antibiotics, ACE inhibitors, besides its range in , anti-diabetic, anti-cholinergic, sedatives and anti-depressant drugs. The Company is a part of the Alchemie Group of Companies.
Jan 04,2018 - Aarti Drugs Ltd Board is going to consider a share buyback in board meeting which is planned on Monday Jan 08,2018.
Jan 08,2018 - Aarti Drugs Ltd (BSE:524348,NSE:AARTIDRUGS) board has approved a proposal for buyback of up to 2.75 lakh shares at Rs 875 per share, aggregating Rs 24.06 crore.
Below is the complete details about Aarti Drugs Ltd Buyback. Record date, buyback open and close dates are announce in below section.
Buyback Type: | Tender Offer |
Buyback Offer Amount: | Rs 24.06 Cr |
Buyback Number of Shares: | 2.75 lakhs |
Buyback Price: | Rs 875 |
Buyback Offer Size (In %): | 1.15% |
Total Share Capital: | Rs 1,791.67 Cr |
Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Aarti Drugs Ltd buyback offer? No
YIn this section we have covered all important dates related to Aarti Drugs 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 | 8th Jan 2018 |
Buyback Approval date | 8th Jan 2018 |
Public Announcement of Buyback | 8th Jan 2018 |
Record Date | 19th Jan 2018 |
Buyback opens on/Buyback Opening Date | 14th Feb 2018 |
Buyback closes on/Buyback Closing Date | 28th Feb 2018 |
Cut-off date to receive completed tender forms by Registrar | |
Cut-off date for verification by the Registrar | 3rd Mar 2018 |
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
9th Mar 2018 |
Last date of settlement of bids on the stock exchange | 12th Mar 2018 |
Last date to return unaccepted shares by Registrar | 12th Mar 2018 |
Last date of extinguishment of Equity Shares | 19th Mar 2018 |
Stock Holding table gives a clear picture on retail investor holdings of Aarti Drugs 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 | 62.49% |
Non-Promoter-Institutions | 5.17% |
Non-Promoter-Non-Institutions | 32.34% |
Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
---|---|---|
Reserved Category | 24 Equity Share out of every 757 fully paid-up Equity Share held on the Record Date. | 3.17% |
General Category | 2 Equity Share out of every 193 fully paid-up Equity Share held on the Record Date. | 1.03% |
For Aarti Drugs Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 6312.66%, No. of Equity Shares reserved in Buyback was 233750 where valid bid received for retail category was 14755848 which is 6312.66% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 780.03%, No. of Equity Shares reserved in Buyback was 41250 where valid bid received for retail category was 321762 which is 780.03%. Final Acceptance Ratio for Retail Investors was 3.27%.
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 | 819.00 (0.44%) | 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 | 140.55 (0.14%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 277.50 (-1.65%) | 25-08-2023 | TBD | TBD | Dwarikesh Sugar Industries Limited | Tender Offer | ₹31.50Cr | 105 | 69.50 (-5.61%) | 20-03-2024 | 27-03-2024 | 03-04-2024 | Garware Technical Fibres Limited | Tender Offer | ₹199.50Cr | 3800 | 3323.25 (2.01%) | 26-03-2024 | 01-04-2024 | 05-04-2024 | Freshtrop Fruits Limited | Tender Offer | ₹33.69Cr | 175 | 165.15 (0.76%) | 02-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Aarti Drugs 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 Aarti Drugs Ltd? How can I apply in Aarti Drugs Ltd Buyback offer?Last Updated on 2018-10-25T04:02:21+00:00