FDC Buyback 2023 Record Date, Buyback Price, Entitlement Ratio


Last updated on September 15, 2023

FDC Buyback

FDC Buyback 2023 description – FDC (Fairdeal Corporation) founded in 1936 is among India’s leading fully integrated pharmaceutical companies. The company is a pioneer in the production of specialized formulations and among the world’s foremost manufacturers and marketers of Oral Rehydration Salts (ORS). Some of FDC’s leading brands in India include Zifi, Electral, Enerzal, Vitcofol, Pyrimon, Zocon, Zathrin, Zipod, Cotaryl, and Mycoderm in the domestic and international markets.

The company has manufacturing facilities across India that cater to domestic and international markets. Its plants in Roha, Waluj, Goa, Sinnar, and Baddi follow state-of-the-art manufacturing processes and technologies and are approved by global authorities such as the US FDA, WHO, and UKMHRA, among others.

The company offers a wide range of products which includes :

  • Active Pharmaceutical Ingredients (APIs)
  • Formulations
  • Functional Foods

FDC Share Buyback 2023 Details

FDC Buyback Dates31 Aug – 6 Sep 2023
FDC Buyback Price INR 500 per share
Market Price on Buyback ApprovalINR 373.8 per share
Buyback Premium on Market Price33.76%
Buyback Offer Size (Shares)31,00,000 shares
Buyback Offer Size (Amount)INR 155 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 1 per share
Listing AtBSE, NSE

FDC Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal3 August 2023
Buyback Approval Date9 August 2023
Public Announcement of Buyback11 August 2023
FDC Buyback Record Date25 August 2023
Buyback Opening Date31 August 2023
Buyback Closing Date6 September 2023
Cut-off Date to receive completed tender forms by Registrar8 September 2023
Verification Date by the Registrar8 September 2023
Return of unaccepted shares by Registrar13 September 2023
Extinguishment of accepted shares25 September 2023

FDC Buyback 2023 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

FDC 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.

FDC Financial Performance

FY 2021FY 2022FY 2023
Total Expenses9971,2711,533
Net income 301216194
Figures in INR crores 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 500
Maximum shares for small shareholder (2,00,000/500)400 shares *
Closing price of stock as on 9 August 2023INR 373.8**
Maximum amount invested in buyback (INR 373.8 x 400 shares)INR 149,520
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

FDC Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %

Registrar of FDC Buyback 2023

C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli West, Mumbai, 400 083, Maharashtra
Phone: +91 8108114949
Email: [email protected]
Website: www.linkintime.com

Manager of FDC Buyback 2023

404, 4th floor, Vaibhav Chambers, Opp. Income Tax Office,
Bandra Kurla Complex Bandra (East), Mumbai – 400051
Phone: +91 9667859191
Email: [email protected]
Website: www.sundaecapital.com

The process to Participate in 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 stockbroker. 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 FDC buyback dates?

FDC share buyback opens on 31 August 2023 and closes on 6 September 2023.

Which type of is FDC buyback offer?

FDC buyback is a tender offer.

What is the FDC buyback price?

FDC buyback price is INR 500 per share.

What is the FDC buyback record date?

FDC buyback record date is 25 August 2023.

How to participate in FDC share buyback?

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


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