Repurchase of Stock: Today’s focus is on Ajanta Pharma stock because the pharmaceutical company has set March 24, 2023, as the record date for share buybacks. Share buybacks have already been announced by Ajanta Pharma. 1,425 for each share. The fact that the share price of Ajanta Pharma is currently around 1,170 appears indicates that the company is offering buybacks at a premium of 255 cents per share, or 21.80 percent.
“This is in furtherance of our communication to the stock exchanges dated March 10, 2023, that the Board of Directors of the company has approved the buy-back of 22 has approved the offer, 10,500 (Twenty Two Lakh Ten Thousand Five Hundred) fully paid-up Equity Shares of the face value of the Company 2 at the cost of each 1,425/- (Indian Rupees One Thousand Four Hundred Twenty Five Only) per Equity Share, on a proportionate basis, through a tender
The following is a list of five essential information regarding the Ajanta Pharma share buyback:
Price for Ajanta Pharma Buyback: The company has announced that 1,425 shares will be purchased back.
Size of the Ajanta Pharma buyback: The purchase of 22,10,500 fully paid-up shares by the company has been announced.
3] Buyback Acceptance Ratio at Ajanta Pharma: Given that the offer was made at a very high premium and that the stock has been negative or negative for a long time, it is anticipated that the acceptance ratio will remain low. As a result, it is anticipated that an increasing number of shareholders will submit shares in this buyback offer.
4] The Way to Buy Back Ajanta Pharma: The buyback has been presented through the delicate course.
5]The Buyback Record for Ajanta Pharma Date: The pharmaceutical company’s board of directors set March 24, 2023, as the record date for the buyback of shares.