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