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Aarti Drugs Ltd Buyback Offer Jan 2018

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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.

What is the Aarti Drugs Ltd share buyback offer?

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.

What is Aarti Drugs Ltd Buyback details?

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

Y

What are Aarti Drugs Ltd Buyback Important Dates?

In 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.

Aarti Drugs Ltd buyback offer important dates
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

Aarti Drugs Ltd Share Holding Pattern as of Sep-2017

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%

Aarti Drugs Ltd Ratio of Buyback

    For Buy back shares holders are divided in 2 categories:
  • Reserved category for Small Shareholders ("Reserved Category") - Who holds Max Rs 2 Lakhs worth of shares @Rs 698 per equity share - in such case Max 286 Equity Shares as of Record Date 19th Jan 2018.
  • General category for all Shareholders other than Small Shareholders ("General Category")

Aarti Drugs Ltd Ratio of Buy Back

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%

Post buyback comments Aarti Drugs Ltd

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%.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
Tanla Platforms LtdTender OfferRs 170 Cr1200819.00 (0.44%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245140.55 (0.14%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500277.50 (-1.65%)25-08-2023TBDTBD
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10569.50 (-5.61%)20-03-202427-03-202403-04-2024
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003323.25 (2.01%)26-03-202401-04-202405-04-2024
Freshtrop Fruits LimitedTender Offer₹33.69Cr175165.15 (0.76%)02-04-2024TBDTBD

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?

Company Contact Information

Plot No. N-198, MIDC,
Tarapur, ,Village - Pamtermbhi,
Palghar,MH-401506
Tel. No.022-24072249,022-24019025
http://www.aartidrugs.com

Registrar Contact Information

Link Intime India Pvt. Ltd.
C 101, 247 Park,
L.B.S. Marg, Vikhroli (West)
Mumbai - 400083
Maharashtra
Tel: 022-49186270, 49186200
Website: http://www.linkintime.co.in

Last Updated on 2018-10-25T04:02:21+00:00

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User Reviews

1. D Bagchi Jan 17 2018 12:08:46 PM Reply
How many shares of Aarti Drugs are required to fall under reserved category (less than 2 lacs) investor?