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FDC Limited Buyback 2020 Review

Rated 3.5/5 by Team InvestorGain

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.

What is FDC Ltd share buyback offer?

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%.

FDC Buyback 2018

FDC Buyback 2019

What is FDC Limited Buyback details?

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

What are FDC Limited Buyback Important Dates?

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.

FDC Limited buyback offer important dates
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

FDC Limited Share Holding Pattern as of Jun 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

FDC Limited 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 327.25 per equity share - in such case Max 324,450 Equity Shares as of Record Date 21st Aug 2020.
  • General category for all Shareholders other than Small Shareholders ("General Category")

FDC Limited Ratio of Buy Back

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%

Post buyback comments FDC Limited

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%.

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

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?

Company Contact Information

FDC Ltd
B-8,
M.I.D.C. Industrial Estate,
Waluj - 431 136,
Dist. Aurangabad, Maharashtra
Tel. No.: +91 240 255 4407,
E-mail: [email protected]
www.fdcindia.com

Registrar Contact Information

Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
L.B.S. Marg Vikhroli (West),
Mumbai - 400 083, Maharashtra, India
Tel:+91 22 4918 6200
E-mail:[email protected]
Contact Person:Mr. Sumeet Deshpande

Last Updated on 2020-11-26T01:41:41+00:00

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