Aarti Drugs Buyback of ₹59.85 crores approved by the board of directors at the meeting was held on July 21, 2023. Aarti Drugs Buyback will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹10 each equity share at a price of ₹900 per Equity Share and for an aggregate amount not exceeding ₹59.85 crores from the shareholders. Check out Aarti Drugs Buyback 2023 details below:
Aarti Drugs Ltd. was established in the year 1984 and forms part of $900 Million Aarti Group of Industries with robust R&D Division at Tarapur, Maharashtra Industrial Development Corporation (MIDC) in close vicinity to manufacturing locations. The Company is engaged in the manufacturing of Active Pharmaceutical Ingredients (APIs), Pharma Intermediates, Specialty Chemicals and also produces Formulations with its wholly-owned subsidiary – Pinnacle Life Science Private Limited. Products under APIs includes Ciprofloxacin Hydrochloride, Metronidazole, Metformin HCL, Ketoconazole, Ofloxacin etc. whereas Specialty Chemicals includes Benzene Sulphonyl Chloride, Methyl Nicotinate etc.
Aarti Drugs Buyback History
- Aarti Drugs Buyback in 2021
Aarti Drugs Buyback 2023 Dates
|Buyback Meeting Date:||July 21, 2023|
|Buyback Announcement Date:||July 21, 2023|
|Buyback Record Date:||August 7, 2023|
|Last Date to Buy Shares:||August 6, 2023|
|Buyback Open Date:||August 9, 2023|
|Buyback Close Date:||August 17, 2023|
|Finalization of Buyback Acceptance:||August 23, 2023|
Aarti Drugs Buyback 2023 Offer Details
Aarti Drugs buyback of 665,000 equity shares at a price of ₹900 per equity share. The buyback offers not to exceed ₹59.85 crores of the total buyback offer size.
|Offer Amount:||₹59.85 Crores|
|Number of Shares:||665,000 Equity Shares|
|Face Value:||₹10 per equity share|
|Buyback Price:||₹900 per equity share|
|Buyback Type:||Tender Offer|
|Letter of Offer:||Click Here|
Aarti Drugs Buyback 2023 Acceptance Ratio
The investor should buy around 222 shares at a current market price of ₹509 (as of July 21, 2023). The calculation will be ₹2,00,000 / ₹900 buyback price = 222 shares.
|Acceptance Ratio||Investment||Shares Buyback||Profit|
Aarti Drugs Financial Report
|₹ in Crores|
How to Participate in Aarti Drugs Buyback 2023
The investors are eligible for the buyback scheme who have Aarti Drugs shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Aarti Drugs Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the Aarti Drugsepted shares by the company under the Aarti Drugs buyback scheme.
Aarti Drugs Buyback 2023 Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Aarti Drugs Buyback 2023 Lead Managers
- Inga Ventures Pvt Ltd
Aarti Drugs Company Address
Aarti Drugs Limited
Plot No. – N-198,
Tal – Palghar, Dist. Palghar – 401506
Phone: +91 22 2401 9025
Email: [email protected]
How to Apply the Aarti Drugs Buyback through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Aarti Drugs”. Click on Place Order. Enter your Quantity and submit Aarti Drugs Buyback Application Form.
How to Apply the Aarti Drugs Buyback through Upstox?
Log in to Upstox Application with your credentials. Select the Aarti Drugsount Section. You will see the Company Name “Aarti Drugs”. Click on Aarti Drugs Stock for Buyback. Enter your Quantity and submit Aarti Drugs Buyback Application Form.
How to Apply the Aarti Drugs Buyback through Aarti Drugs Money?
Log in to Aarti Drugs Money Application with your credentials. Select the Aarti Drugs. Enter your Quantity and submit Aarti Drugs Buyback Application Form.
Aarti Drugs Buyback 2023 FAQs
When is Aarti Drugs Buyback 2023 Record Date?
When is Aarti Drugs Buyback 2023 Open Date?
What is Aarti Drugs Buyback 2023 Price?
How to apply for Aarti Drugs Buyback 2023?
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