Ajanta Pharma of ₹285.10 crores approved by the board of directors at the meeting was held on May 2, 2024. Ajanta Pharma 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 ₹2 each equity share at a price of ₹2771 per Equity Share and for an aggregate amount not exceeding ₹285.10 crores from the shareholders. Check out Ajanta Pharma Buyback 2024 details below:
Ajanta Pharma is a specialty pharmaceutical formulation company with having major focus on branded generic business across India, Asia & Africa. They operate 7 state-of-the-art manufacturing facilities in India. Their business includes Branded Generics in India and Emerging Markets in Asia and Africa; Generics in the USA; and Institution Sales in Africa. Their high-quality medicines are trusted by healthcare professionals and patients in more than 30 countries. Many of the company’s products are 1st to market and are leading in their sub-therapeutic segments. This business contributes 71% of total revenue.
Ajanta Pharma History
Ajanta Pharma Buyback 2024 Dates
| Buyback Meeting Date: | May 2, 2024 |
| Buyback Announcement Date: | May 2, 2024 |
| Buyback Record Date: | May 30, 2024 |
| Last Date to Buy Shares: | May 29, 2024 |
| Buyback Open Date: | June 5, 2024 |
| Buyback Close Date: | June 11, 2024 |
| Finalization of Buyback Acceptance: | June 18, 2024 |
Ajanta Pharma Buyback 2024 Offer Details
Ajanta Pharma of 1,028,881 equity shares at a price of ₹2771 per equity share. The buyback offers not to exceed ₹285.10 crores of the total buyback offer size.
| Offer Amount: | ₹285.10 Crores |
| Number of Shares: | 1,028,881 Equity Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹2771 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Ajanta Pharma Buyback 2024 Acceptance Ratio
The investor should buy around 72 shares at a current market price of ₹2225 (as of date). The calculation will be ₹2,00,000 / ₹2770 buyback price = 72 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹160200 | 24 | ₹13080 |
| 50% | ₹160200 | 36 | ₹19620 |
| 75% | ₹160200 | 54 | ₹29430 |
| 100% | ₹160200 | 72 | ₹39240 |
Ajanta Pharma Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹2890 | ₹1889 | ₹654 |
| 2022 | ₹3341 | ₹2408 | ₹713 |
| 2023 | ₹3743 | ₹2934 | ₹588 |
How to Participate in Ajanta Pharma Buyback 2024
The investors are eligible for the buyback scheme who have Ajanta Pharma shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Ajanta Pharma Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the Shervani Industrial Syndicateepted shares by the company under the Ajanta Pharma scheme.
Ajanta Pharma Buyback 2024 Registrar
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
Ajanta Pharma Buyback 2024 Lead Managers
- Vivro Financial Services Private Limited
Ajanta Pharma Company Address
Ajanta Pharma Limited
Ajanta House’, 98 Govt Industrial Area,
Charkop, Kandivli (West),
Mumbai – 400 067
Phone: +91 22 6606 1000
Email: [email protected]
Website: https://www.ajantapharma.com/
How to Apply the Ajanta Pharma 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 “Ajanta Pharma”. Click on Place Order. Enter your Quantity and submit Ajanta Pharma Application Form.
How to Apply the Ajanta Pharma through Upstox?
Log in to Upstox Application with your credentials. Select the Ajanta Pharma. You will see the Company Name “Ajanta Pharma”. Click on Ajanta Pharma Stock for Buyback. Enter your Quantity and submit Ajanta Pharma Application Form.
How to Apply the Ajanta Pharma through Ajanta Pharma Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Ajanta Pharma. Enter your Quantity and submit Ajanta Pharma Application Form.
