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Jan 30, 2019: Ajanta Pharma (BSE:532331 | NSE:AJANTPHARM) board has approved a proposal for buyback of up to 7.69 lakh shares at Rs 1300 per share, aggregating Rs 100 Cr (Buyback Offer Size) which is 0.87% of total paid-up equity share capital.
Below is the complete details about Ajanta Pharma Buyback. Record date, buyback open and close dates are announce in below section.
Buyback Type: | Tender Offer |
Buyback Offer Amount: | Rs 100 Cr |
Buyback Number of Shares: | 7.69 lakh |
Buyback Price: | Rs 1300 |
Buyback Offer Size (In %): | 0.87% |
Total Share Capital: | Rs 8969.10 Cr |
Face Value: | 2 Per Equity Share |
Can I Invest today to participate in Ajanta Pharma buyback offer? No
In this section we have covered all important dates related to Ajanta Pharma 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 | 30th Jan 2019 |
Buyback Approval date | 30th Jan 2019 |
Public Announcement of Buyback | 30th Jan 2019 |
Record Date | 12th Feb 2019 |
Buyback opens on/Buyback Opening Date | 28th Feb 2019 |
Buyback closes on/Buyback Closing Date | 14th Mar 2019 |
Cut-off date to receive completed tender forms by Registrar | 16th Mar 2019 |
Cut-off date for verification by the Registrar | 19th Mar 2019 |
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
20th Mar 2019 |
Last date of settlement of bids on the stock exchange | 22nd Mar 2019 |
Last date to return unaccepted shares by Registrar | 22nd Mar 2019 |
Last date of extinguishment of Equity Shares | 28th Mar 2019 |
Stock Holding table gives a clear picture on retail investor holdings of Ajanta Pharma 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 | 70.47% |
Non-Promoter-Institutions | 19.32% |
Non-Promoter-Non-Institutions | 8.93% |
Ajanta Pharma Draft Letter of Offer >>Document
Ajanta Pharma Letter of Offer >>Document
Ajanta Pharma Post Buyback Public Announcement >>Document
Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
---|---|---|
Reserved Category | 1 Equity Share out of every 13 fully paid-up Equity Share held on the Record Date. | 7.75% |
General Category | 3 Equity Share out of every 397 fully paid-up Equity Share held on the Record Date. | 0.76% |
For Ajanta Pharma Buyback Offer, Report updated by the manager of buyback -
In general category - response received 2015.00%, No. of Equity Shares reserved in Buyback was 653845 where valid bid received for retail category was 13174993 which is 2015.00% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 466.12%, No. of Equity Shares reserved in Buyback was 115385 where valid bid received for retail category was 537830 which is 466.12%. Final Acceptance Ratio for Retail Investors was 21.45%.
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
Ajanta Pharma 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 Ajanta Pharma? How can I apply in Ajanta Pharma Buyback offer?Last Updated on 2019-04-17T02:02:48+00:00