Ajanta Pharma Buyback is worth Rs 135.97 Cr. The size of the buyback is 7.35 lakh shares which are 5.26% of the total equity. The buyback price is at Rs 1850 per share which is approx 17% premium from announcement date price.
Below is the complete details about Ajanta Pharma ltd Buyback. Record date, buyback open and close dates are announce in below section.
|Buyback Type:||Tender Offer|
|Buyback Offer Amount:||Rs 135.97 Cr|
|Buyback Number of Shares:||7.35 Lakh|
|Buyback Price:||Rs 1850|
|Buyback Offer Size (In %):||5.26%|
|Total Share Capital:||Rs 14,070.89 Cr|
|Face Value:||2 Per Equity Share|
Can I Invest today to participate in Ajanta Pharma ltd buyback offer? No
In this section we have covered all important dates related to Ajanta Pharma 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.
|Board Meeting for Buyback proposal||3rd Nov 2020|
|Buyback Approval date||3rd Nov 2020|
|Public Announcement of Buyback||3rd Nov 2020|
|Record Date||13th Nov 2020|
|Buyback opens on/Buyback Opening Date||3rd Dec 2020|
|Buyback closes on/Buyback Closing Date||16th Dec 2020|
|Cut-off date to receive completed tender forms by Registrar||18th Dec 2020|
|Cut-off date for verification by the Registrar||22nd Dec 2020|
|Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar||23rd Dec 2020|
|Last date of settlement of bids on the stock exchange||24th Dec 2020|
|Last date to return unaccepted shares by Registrar||24th Dec 2020|
|Last date of extinguishment of Equity Shares||30th Dec 2020|
Stock Holding table gives a clear picture on retail investor holdings of Ajanta Pharma 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 %|
Ajanta Pharma ltd Public Announcement >>Document
Ajanta Pharma ltd Draft Letter of Offer >>Document
Ajanta Pharma ltd Letter of Offer >>Document
Ajanta Pharma ltd Post Buyback Public Announcement >>Document
For Buy back shares holders are divided in 2 categories:
|Category||Entitlement Ratio of Buyback Per Equity Shares||Entitlement Ratio of Buyback in %|
|Reserved Category||11 Equity Share out of every 116 fully paid-up Equity Share held on the Record Date.||9.49%|
|General Category||3 Equity Share out of every 414 fully paid-up Equity Share held on the Record Date.||0.73%|
For Ajanta Pharma ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 2,215.78%, No. of Equity Shares reserved in Buyback was 6,24,750 where valid bid received for retail category was 1,38,43,082 which is 2,215.78% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 253.46%, No. of Equity Shares reserved in Buyback was 1,10,250 where valid bid received for retail category was 2,79,444 which is 253.46%. Final Acceptance Ratio for Retail Investors was 9.49%.
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|
|Smartlink Holdings Limited||Tender Offer||Rs 31.58 Cr||95||92.45 (6.69%)||01-03-2021||30-04-2021||14-05-2021||SIS Limited||Tender Offer||Rs 100 Cr||550||375.05 (0.23%)||09-04-2021||12-05-2021||27-05-2021||Quick Heal||Tender Offer||Rs 155 Cr||245||186.25 (1.17%)||03-05-2021||TBD||TBD|
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Detail Article on Benefit from buyback offer >> ReadAjanta Pharma 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 Ajanta Pharma ltd? How can I apply in Ajanta Pharma ltd Buyback offer?
Last Updated on 2021-01-25T21:35:49+00:00
The Record Date for Ajanta Pharma ltd Buyback offer is 13th Nov 2020
Which means you should hold the Ajanta Pharma ltd share in your demat account by closing session of 13th Nov 2020. Share purchased on and before (13th Nov 2020) - 2 business days will be available in your demat account by 13th Nov 2020.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Ajanta Pharma ltd shares at ₹1572 and buyback offer price is ₹1850, you can get ₹278 per accepted share. If you hold 127 shares of Ajanta Pharma ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 42 to 64 shares with the gain from buyback of ₹11676 to ₹17792.
The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.
|% Share Accepted||No of Shared Accepted||Gain from Buyback Offer|
Steps to participate in Ajanta Pharma ltd buyback:
Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.
As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 24th Dec 2020.
Buyback opening date for Ajanta Pharma ltd: 3rd Dec 2020
Buyback closing date for Ajanta Pharma ltd: 16th Dec 2020
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by 18th Dec 2020.