Zydus Lifesciences Ltd has announced share buyback 650 per equity share. Disclosing about the share buyback of Zydus Lifesciences, the company management announced that the offer will not exceed 1,15,38,461 shares. The company also clarified in its offer that the buyback of shares will not be high. 750 crore worth. The buyback of shares will be tender based on proportionate basis.
announcement about share buyback, Zydus Lifesciences informed Indian stock market Quoting “Submit letter of offer relating to buyback of not more than 1,15,38,461 (One Crore Fifteen Lakh Thirty Eight Thousand Four Hundred Sixty One), fully paid-up equity shares having face value of INR 1/- (Each (“Equity Shares”) each (“Equity Shares”) of Indian Zydus Lifesciences Limited (formerly known as “Cadila Healthcare Limited”) (hereinafter referred to as the “Company”) INR 650 (Indian Rupees Six Hundred and Fifty Only). As per securities, through the tender offer route (“Buyback”) on proportionate basis, equity shares for a total amount of Rs 750,00,00,000 (Rupees Seven Hundred and Fifty Crore Only) ) (“Buyback Size”). The Exchange Board of India (Buyback of Securities) Regulations, 2018, as amended (“Buyback Regulations”).
Here we list 5 things to do with the buyback of Zydus Lifesciences shares:
1]Zydus Lifesciences share buyback price: The company has announced buyback of shares 650 per equity share.
2]Share Buyback Opening Date: The buyback of Zydus Lifesciences shares will open on 23 June 2022.
3]Share Buyback Closing Date: The share buyback of Zydus Lifesciences will close on July 6, 2022.
4]Buyback Process: The share buyback of Zydus Lifesciences will be done on pro-rata basis through tender offer.
5]Last date for settlement of bids: The last date for settlement of bids on the Stock Exchange is 15 July 2022.