Piramal Enterprises Buyback 2023 Record Date, Price & Ratio Details

Piramal Enterprises buyback 2023 was announced on July 28, 2023. The Piramal Enterprises buyback open date is on August 31, 2023. Piramal Enterprises buyback record date is fixed as on August 25, 2023. The investor should buy the Piramal Enterprises shares before the record date to get eligibility for the buyback.

Piramal Enterprises

Table of Contents

Piramal Enterprises Buyback of ₹1750 crores approved by the board of directors at the meeting was held on July 28, 2023. Piramal Enterprises 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 ₹2 each equity share at a price of ₹1250 per Equity Share and for an aggregate amount not exceeding ₹1750 crores from the shareholders. Check out Piramal Enterprises Buyback 2023 details below:

Piramal Group is a global business conglomerate with diverse interests in pharma, financial services and real estate. The Group has offices in over 30 countries and a global brand presence in more than 100 markets, and operates with over 10,000 people worldwide from 21 diverse nationalities. In over three decades of its existence, Piramal Group has pursued a twin strategy of both organic and inorganic growth. Driven by its core values, Piramal Group has strived for inclusive growth, while adhering to ethical and values-driven practices.

Piramal Enterprises Buyback History

  • This is the first Piramal Enterprises buyback so there is no historical data.

Piramal Enterprises Buyback 2023 Dates

Buyback Meeting Date:July 28, 2023
Buyback Announcement Date:July 28, 2023
Buyback Record Date:July 25, 2023
Last Date to Buy Shares:July 24, 2023
Buyback Open Date:August 31, 2023
Buyback Close Date:September 6, 2023
Finalization of Buyback Acceptance:2023
Piramal Enterprises Buyback 2023 Tentative TimeTable

Piramal Enterprises Buyback 2023 Offer Details

Piramal Enterprises buyback of 1,40,00,000 equity shares at a price of ₹1250 per equity share. The buyback offers not to exceed ₹1750 crores of the total buyback offer size.

Offer Amount:₹1750 Crores
Number of Shares:1,40,00,000 Equity Shares
Face Value:₹2 per equity share
Buyback Price:₹1250 per equity share
Listing:BSE and NSE
Buyback Type:Open Market
Letter of Offer:Click Here

Piramal Enterprises Buyback 2023 Acceptance Ratio

The investor should buy around [.] shares at a current market price of ₹[.] (as of date). The calculation will be ₹2,00,000 / ₹[.] buyback price = [.] shares.

Acceptance RatioInvestmentShares BuybackProfit
33%₹171,68053₹9,381
50%₹171,68080₹14,160
75%₹171,680120₹21,240
100%₹171,680160₹28,320

Piramal Enterprises Financial Report

₹ in Crores
YearRevenueExpensePAT
2020₹13,068₹6,801₹21
2021₹12,809₹5,338₹1,413
2022₹7,726₹1,984₹1,999

How to Participate in Piramal Enterprises Buyback 2023

The investors are eligible for the buyback scheme who have Piramal Enterprises shares in their Demat Piramal Enterprisesount as the Open Market. Eligible Share Holders can participate in the Piramal Enterprises Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the Piramal Enterprisesepted shares by the company under the Piramal Enterprises buyback scheme.

Piramal Enterprises Buyback 2023 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/mipo/ipoallotment.html

Piramal Enterprises Buyback 2023 Lead Managers

  • Jm Financial Limited

Piramal Enterprises Company Address

Piramal Enterprises Limited
Piramal Ananta, Agastya Corporate Park,
Opposite Fire Brigade, Kamani Junction, LBS Marg,
Kurla (West), Mumbai – 400070
Phone: +91-22-3802 3000/400
Email: [email protected]
Website: https://www.piramal.com/

How to Apply the Piramal Enterprises 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 “Piramal Enterprises”. Click on Place Order. Enter your Quantity and submit Piramal Enterprises Buyback Application Form.

How to Apply the Piramal Enterprises Buyback through Upstox?

Log in to Upstox Application with your credentials. Select the Piramal Enterprisesount Section. You will see the Company Name “Piramal Enterprises”. Click on Piramal Enterprises Stock for Buyback. Enter your Quantity and submit Piramal Enterprises Buyback Application Form.

How to Apply the Piramal Enterprises Buyback through Piramal Enterprises Money?

Log in to Piramal Enterprises Money Application with your credentials. Select the Piramal Enterprises. Enter your Quantity and submit Piramal Enterprises Buyback Application Form.

Piramal Enterprises Buyback 2023 FAQs


When is Piramal Enterprises Buyback 2023 Record Date?

Piramal Enterprises buyback 2023 record date is August 25, 2023.

When is Piramal Enterprises Buyback 2023 Open Date?

Piramal Enterprises buyback 2023 open date is August 31, 2023.

What is Piramal Enterprises Buyback 2023 Price?

The company has fixed the price at ₹1250 per share.

How to apply for Piramal Enterprises Buyback 2023?

As per the record date you need to have Piramal Enterprises shares in your Demat Account. You can participate in buyback after having the stock in your Account.

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