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Incorporated in the year 1936, FDC Limited is a fully integrated research-oriented pharmaceutical company. It manufactures and market Formulations (Finished Dosage Forms) and Active Pharmaceutical Ingredients (APIs). Fairdeal Corporation is also a lead manufacturer of Oral Rehydration Salts (ORS) and Ophthalmics. The company markets its more than 300 products in over 50 countries which are approved by US-FDA, UK-MHRA, MCC-RSA, and the UAE.
FDC Buyback 2020: Latest Update
August 07, 2020: FDC Ltd (BSE:531599 | NSE:FDC) board has approved a proposal for purchase of up to 21.63 Lakh (Twenty One Lakh Sixty-Three Thousand) shares at Rs 450 (Three hundred fifty) per share, aggregating Rs 973.35 Cr (Ninety-Seven Crore Thirty-Three Lakhs Fifty Thousand) (Buyback Offer Size) that is 6.31% of total paid equity share capital and free reserves.
In 2018 and 2019 also, FDC launched buyback via Tender Offer for Rs 120.05 Cr of 3.43 lakh shares @350. For retail investors, in 2018 and 2019 acceptance ratio was approx 15%.
Below is the complete details about FDC Limited Buyback. Record date, buyback open and close dates are announce in below section.
Buyback Type: | Tender Offer |
Buyback Offer Amount: | Rs 973.35 Cr |
Buyback Number of Shares: | 21.63 Lakh |
Buyback Price: | Rs 450 |
Buyback Offer Size (In %): | 6.31% |
Total Share Capital: | Rs 5627.58 Cr |
Face Value: | 1 Per Equity Share |
Can I Invest today to participate in FDC Limited buyback offer? No
In this section we have covered all important dates related to FDC Limited 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 | 7th Aug 2020 |
Buyback Approval date | 7th Aug 2020 |
Public Announcement of Buyback | 11th Aug 2020 |
Record Date | 21st Aug 2020 |
Buyback opens on/Buyback Opening Date | 16th Sep 2020 |
Buyback closes on/Buyback Closing Date | 29th Sep 2020 |
Cut-off date to receive completed tender forms by Registrar | 1st Oct 2020 |
Cut-off date for verification by the Registrar | 5th Oct 2020 |
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
9th Oct 2020 |
Last date of settlement of bids on the stock exchange | 9th Oct 2020 |
Last date to return unaccepted shares by Registrar | 9th Oct 2020 |
Last date of extinguishment of Equity Shares | 20th Oct 2020 |
Stock Holding table gives a clear picture on retail investor holdings of FDC Limited 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 | 69.24% |
Non-Promoter-Institutions | 10.42% |
Non-Promoter-Non-Institutions | 20.34% |
FDC Limited Public Announcement >>Document
FDC Limited Draft Letter of Offer >>Document
FDC Limited Letter of Offer >>Document
FDC Limited Post Buyback Public Announcement >>Document
Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
---|---|---|
Reserved Category | 19 Equity Shares for every 225 fully paid-up Equity Shares held on the Record Date | 8.44% |
General Category | 10 Equity Shares for every 909 fully paid-up Equity Shares held on the Record date | 1.10% |
For FDC Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 9.57%, No. of Equity Shares reserved in Buyback was 1838550 where valid bid received for retail category was 17592801 which is 9.57% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 3.29%, No. of Equity Shares reserved in Buyback was 324450 where valid bid received for retail category was 1067919 which is 3.29%. Final Acceptance Ratio for Retail Investors was 8.44%.
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
FDC Limited 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 FDC Limited? How can I apply in FDC Limited Buyback offer?Last Updated on 2020-11-26T01:41:41+00:00