Ajanta in keeping with the tradition announces one more buyback

Ajanta Pharma has announced buyback once more. This is 4th year in a row, previous 3 details can be checked here.

Current buyback details are –

  • 22,10,500 shares constituting 1.73% of the outstanding capital
  • Buyback price is Rs 1,425/ share which is at 17% premium to the current market price
  • Rs 315 cr will be the total buyback consideration excluding transaction costs such as fees, brokerage, taxes, duties, etc
  • Buyback tax is estimated at Rs 74 cr
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