Aarti Drugs of ₹59.85 crores approved by the board of directors at the meeting was held on August 26, 2024. Aarti Drugs 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 2024 details below:
Aarti Drugs Ltd. was established in 1984. It is a part of the $900 million Aarti Group of Industries. The company mainly produces Active Pharmaceutical Ingredients (APIs), Specialty Chemicals, Pharma Intermediates, and Formulations with its fully-owned subsidiary, Pinnacle Life Science Private Limited. Aarti Drugs Ltd. has GMP certification for its manufacturing facilities. By providing high-quality and on-time delivery the company is aiming to become popular in the growing market. Aarti Drugs Ltd. is focused on globalization, with high growth in exports of APIs and Specialty Chemicals. This company has gained worldwide recognition since it responds quickly, offers competitive prices, and makes a strong commitment to exporting products to over 100 countries around the world.
Aarti Drugs History
Aarti Drugs Buyback 2024 Dates
| Buyback Meeting Date: | August 26, 2024 |
| Buyback Announcement Date: | August 26, 2024 |
| Buyback Record Date: | September 5, 2024 |
| Last Date to Buy Shares: | September 4, 2024 |
| Buyback Open Date: | September 11, 2024 |
| Buyback Close Date: | September 18, 2024 |
| Finalization of Buyback Acceptance: | September 24, 2024 |
Aarti Drugs Buyback 2024 Offer Details
Aarti Drugs 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 |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Aarti Drugs Buyback 2024 Acceptance Ratio
The investor should buy around 222 shares at a current market price of ₹622 (as of date). The calculation will be ₹2,00,000 / ₹900 buyback price = 222 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹138084 | 73 | ₹20294 |
| 50% | ₹138084 | 111 | ₹30858 |
| 75% | ₹138084 | 166 | ₹46148 |
| 100% | ₹138084 | 222 | ₹61716 |
Aarti Drugs Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹2,255.95 | ₹2,000.45 | ₹195.00 |
| 2023 | ₹2,500.20 | ₹2,295.39 | ₹152.81 |
| 2024 | ₹2,271.09 | ₹2,078.61 | ₹141.88 |
How to Participate in Aarti Drugs Buyback 2024
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 2024 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 scheme.
Aarti Drugs Buyback 2024 Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
Aarti Drugs Buyback 2024 Lead Managers
- Inga Ventures Pvt Ltd
Aarti Drugs Company Address
Aarti Drugs Limited
Plot No N-198
MIDC, Tarapura
Tal-Palghar, Dist Palghar-401506
Phone: 022-24072249
Email: [email protected]
Website: https://www.aartidrugs.co.in/
How to Apply the Aarti Drugs 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 Application Form.
How to Apply the Aarti Drugs through Upstox?
Log in to Upstox Application with your credentials. Select the Aarti Drugs. You will see the Company Name “Aarti Drugs”. Click on Aarti Drugs Stock for Buyback. Enter your Quantity and submit Aarti Drugs Application Form.
How to Apply the Aarti Drugs through Aarti Drugs Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Aarti Drugs. Enter your Quantity and submit Aarti Drugs Application Form.
