Aarti Drugs Buyback 2023 announced on 24 July 2023. The Aarti Drugs buyback will begin on August 09, 2023, and end on August 17, 2023. The company will buy back approximately 6,65,000 equity shares, or approximately 0.72% of face value ₹10, at a price of ₹900.00 per equity share. The size of this buyback is about ₹59.85 crore and this will be done through a buyback on the Tender Offer.
Aarti Drugs Limited is a manufacturer of bulk drugs & specialty chemicals. The company exports its products to various countries worldwide. The Company has a comprehensive product portfolio with a presence in anti-biotic, anti-protozoal, anti-inflammatory, anti-fungal, anti-diabetic, cardioprotectant, vitamins, anti-arthritis, sedatives therapeutic groups. The R&D Center of the Company is located at Plot No. E-1, MIDC Tarapur Area,Tarapur, Village Pamtermbhi, Dist. Palghar –401 506, Maharashtra.
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Necessity of the Issue :
- The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
- The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base, thereby leading to long term increase in shareholders’ value.
- The Buyback gives an option to the shareholders holding Equity Shares of the Company, either to sell their Equity Shares and receive cash or not to sell their Equity Shares and get a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.
Aarti Drugs Buyback 2023 Offer Details:
| Event Name | Details |
| Buyback Type | Tender Offer |
| Buyback Record Date | 04 August 2023 |
| Buyback Offer Amount | ₹59.85 Cr |
| Buyback Offer Size | 0.72% |
| Buyback Number of Shares | 6,65,000 |
| Listing | NSE, BSE |
| Face Value | ₹10 |
| Buyback Price | ₹900/- per share. |
Aarti Drugs Buyback 2023 Dates :
We have covered all important dates related to “Aarti Drugs Buyback 2023” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 21 July 2023 |
| Buyback Approval date | 21 July 2023 |
| Public Announcement Date | 24 July 2023 |
| Buyback Record Date | 04 August 2023 |
| Buyback Opening Date | 09 August 2023 |
| Buyback Closing Date | 17 August 2023 |
Aarti Drugs Limited Financial Report (in Cr) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹2718.25 | ₹2410.45 | ₹166.36 |
| 2022 | ₹2499.96 | ₹2159.20 | ₹205.00 |
| 2021 | ₹2159.31 | ₹1717.67 | ₹280.40 |
Quick Link :
■ Publication Letter
■ Letter of Offer
■ Application Form
Registrar of The Buyback :
Link Intime India Private Limited
C-101, 247 Park L.B.S. Marg,
Vikhroli (W), Mumbai – 400 083.
Tel. No.: + 91 810 811 4949
Fax: +91 22 491869 6195
Email: [email protected]
Website: www.linkintime.co.in
Manager of The Buyback :
Inga Ventures Private Limited
1229, Hubtown Solaris, N.S. Phadke Marg,
Opp. Telli Galli, Andheri (East), Mumbai 400069
Tel. No.: +91 022 268540808
Fax: +91 022 69886020
Email: [email protected]
Website: www.ingaventures.com
Company Address :
Aarti Drugs Limited
Plot No. – N-198, M.I.D.C. Tarapur,
Village – Pamtermbhi, Taluka
Dist. Palghar – 401 506, Maharashtra;
Phone: +91 22 2401 9025
Email: [email protected]
Website: https://www.aartidrugs.co.in/
How to Participate in Aarti Drugs Ltd buyback?
The Investors are eligible for the buyback scheme who have Aarti Drugs shares in their Demat account as the Record date is 04 August 2023 as the offer is Tender Offer. Investors can participate in the Aarti Drugs Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Aarti Drugs buyback scheme.
How to apply for Aarti Drugs buyback zerodha?
You can apply for the buyback, follow the steps below:
- Visit console.zerodha.com.
- Click on the context menu and then Portfolio.
- Click on Corporate actions.
- Click the Buybacks tab, tap on Aarti Drugs and then Place order.
- Enter the quantity and tap on Submit.
How to apply for Aarti Drugs buyback on Groww?
You can apply for the buyback, follow the few steps below: This feature not applicable on Groww App only available on Groww Website.
- Visit the official Groww website.
- Search Aarti Drugs Buyback in the search option.
- You can see Aarti Drugs buyback result in search option tap on the Aarti Drugs buyback.
- You will reach the Aarti Drugs buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for Aarti Drugs buyback on upstox?
You can apply for the buyback, follow the few steps below:
- Login to the Upstox app using your 6-digit PIN or biometrics.
- Click on the Account Section on your right bottom corner (Applicable New upstox app).
- Click ‘Account’, then ‘Corporate actions’ and then Buyback / Delisting/ Takeover.
- Select the Aarti Drugs stock for buyback.
- Enter the quantity and click on apply.
- If you have submitted your POA, then the buyback will be confirmed.
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Aarti Drugs Buyback 2023 FAQs:
When is Aarti Drugs Buyback Announcement Date?
Aarti Drugs buyback 2023 announcement date is 24 July 2023.
When is Aarti Drugs Buyback Open Date?
Aarti Drugs buyback Open date is 09 August 2023.
When is Aarti Drugs Buyback Close Date?
Aarti Drugs buyback Close date is 17 August 2023.
When is Aarti Drugs Buyback Record Date?
Aarti Drugs buyback 2023 Record date is 04 August 2023.
What is Aarti Drugs Buyback Price?
Aarti Drugs company has fixed the price at ₹900 per share.
What is Aarti Drugs Buyback Offer Size?
Aarti Drugs company Buyback Offer Size is ₹59.85 Cr.
How to apply for Aarti Drugs Buyback 2023?
As per the record date you need to have Aarti Drugs shares in your Demat account. You can participate in buyback after having the stock in your account.
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