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Ajanta Pharma Buyback Jan 2019

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What is the Ajanta Pharma share buyback offer?

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.

What is Ajanta Pharma Buyback details?

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

What are Ajanta Pharma Buyback Important Dates?

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.

Ajanta Pharma buyback offer important dates
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

Ajanta Pharma Share Holding Pattern as of Dec 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

Ajanta Pharma 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 1008.70 per equity share - in such case Max 198 Equity Shares as of Record Date 12th Feb 2019.
  • General category for all Shareholders other than Small Shareholders ("General Category")

Ajanta Pharma Ratio of Buy Back

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%

Post buyback comments Ajanta Pharma

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%.

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

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?

Company Contact Information

Ajanta House,
Charkop,,Kandivli (West),
Mumbai - Maharashtra - 400067
Website: http://www.ajantapharma.com

Registrar Contact Information

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

Last Updated on 2019-04-17T02:02:48+00:00

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