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Ajanta Pharma Buyback Mar 2023

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Ajanta Pharma Limited Buyback

TitleDetail
Company Name:Ajanta Pharma Limited
Buyback Type:Tender Offer
Offer Amount:₹315.00Cr
Buyback Number of Shares:22,10,500
Buyback Price:1425
Approx Entry Price:1160.4
Promoters In:Y
Record Date:-
Buyback Open Date:31-03-2023
Buyback Close Date:10-04-2023
Payment Date:TBD
Record Date Price:-
Maximum Retail Quantity:-
Draft Letter of Offer:Draft Letter of Offer
Letter of Offer:-
Acceptance Ratio Retail:-
Acceptance Ratio Retail %:
Acceptance Ratio General:-
Acceptance Ratio General %:
Final Acceptance Ratio %:-

FAQs

The Record Date for Ajanta Pharma Limited Buyback offer has not been announced yet.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Ajanta Pharma Limited shares at ₹1160.4 and buyback offer price is ₹1425, you can get ₹264.5999999999999 per accepted share. If you hold 172 shares of Ajanta Pharma Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 57 to 86 shares with the gain from buyback of ₹15082 to ₹22756.

The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.

Ajanta Pharma Limited Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%57₹15082
50%86₹22756
75%129₹34133
100%172₹45511

 

Steps to participate in Ajanta Pharma Limited buyback:

  1. On Record date (Not Yet Announced) you must have share of Ajanta Pharma Limited in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
  2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
  3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

 

Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.

 

Buyback opening date for Ajanta Pharma Limited: 31st Mar 2023

Buyback closing date for Ajanta Pharma Limited: 10th Apr 2023

This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .

 

As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before Not Yet Announced.

 

Buyback opening date for Ajanta Pharma Limited: 31st Mar 2023

Buyback closing date for Ajanta Pharma Limited: 10th Apr 2023

This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .

 


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