Ajanta Pharma Buyback 2023 Record Date, Buyback Price, Entitlement Ratio


Last updated on March 28, 2023

Ajanta Pharma Buyback 2023

Ajanta Pharma Buyback 2023 description – Ajanta Pharma is a specialty pharmaceutical formulation company engaged in the development, manufacturing, and marketing of finished dosages. The company has a well-diversified business model in terms of markets, therapies, and products.

The company has de-risked the business to a large extent from possible uncertainties in the business environment in different geographies. The largest contribution of about 73% of business comes from a wide range of branded generic products in around 30 countries in Asia (including India) and Africa.

Each geography has been carefully chosen for therapies and products. Additionally, about 21% comes from the generics business in the world’s largest market the USA, and the remaining 6% comes from anti-malaria institutional business in Africa.

Ajanta Pharma operates 7 state-of-the-art manufacturing facilities in India. Out of this, 6 facilities manufacture finished formulations and 1 manufactures Active Pharmaceutical Ingredients (APIs), primarily for captive consumption.

Ajanta Pharma 2023

Ajanta Pharma share Buyback 2023 Details

Ajanta Pharma Buyback Dates31 March – 10 April 2023
Ajanta Pharma Buyback Price INR 1,425 per share
Market Price on Buyback ApprovalINR 1,215.65 per share
Buyback Premium on Market Price17.22%
Buyback Offer Size (Shares)22,10,500 shares
Buyback Offer Size (Amount)INR 315 crore
Offer TypeTender Offer
Promoter ParticipationYes
Face Value INR 2 per share
Listing AtBSE, NSE

Ajanta Pharma Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal6 March 2023
Buyback Approval Date10 March 2023
Public Announcement of Buyback14 March 2023
Ajanta Pharma Buyback Record Date24 March 2023
Buyback Opening Date31 March 2023
Buyback Closing Date10 April 2023
Cut-off Date to receive completed tender forms by Registrar10 April 2023
Verification Date by the Registrar13 April 2023
Return of unaccepted shares by Registrar18 April 2023
Extinguishment of accepted shares27 April 2023

Ajanta Pharma Buyback 2023 Documents

Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

Ajanta Pharma Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
General category
(for all other Eligible Shareholders)

Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.

Ajanta Pharma Financial Performance

FY 2020FY 2021FY 2022
Total Expenses2,012.172,015.492,547.19
Net income 467.7653.87712.68
Figures in INR crore unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 1,425
Maximum shares for small shareholder (2,00,000/1,425) 141 shares *
Closing price of stock as on 10 March 2023INR 1,215.65**
Maximum amount invested in buyback (INR 1,215.65 x 141 shares)INR 171,407
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

Ajanta Pharma Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
1412929 (100%)6,071.153.54
1412958 (200%)12,142.37.08
1412987 (300%)18,213.4510.63

Registrar of Ajanta Pharma Buyback 2023

C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +918108114949
Email: [email protected]
Website: www.linkintime.co.in

Manager of Ajanta Pharma Buyback 2023

6th Floor, Edelweiss House, Off C.S.T. Road,
Kalina, Mumbai 400 098, Maharashtra, India
Tel: +91 22 4009 4400
Email: [email protected]
Website: www.edelweissfin.com

Process to Participate in Ajanta Pharma Buyback

All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stock broker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.

The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.

The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.

Frequently Asked Questions

What are Ajanta Pharma’s share buyback dates?

Ajanta Pharma’s share buyback opens on 31 March 2023 and closes on 10 April 2023.

Which type of buyback is Ajanta Pharma buyback offer?

Ajanta Pharma’s buyback is a tender offer.

What is Ajanta Pharma buyback price?

Ajanta Pharma buyback price is INR 1,425 per share.

What is Ajanta Pharma buyback record date?

Ajanta Pharma buyback record date is 24 March 2023.

How to participate in Ajanta Pharma share buyback?

Ajanta Pharma share buyback will be conducted through tender process and investors who hold the shares on record date can place orders through their broker.


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