Natco Pharma Buyback 2023 announced on 08 March 2023. The Natco Pharma buyback will begin on March 21, 2023, and end on September 20, 2023. The company will buy back approximately 30,00,000 equity shares, or approximately 1.64% of face value ₹2, at a price of ₹700 per equity share. The size of this buyback is about ₹210.00 crore, and this will be done through a buyback on the open market.
Natco Pharma Limited is a vertically integrated and R&D focused pharmaceutical company engaged in the development, manufacturing, and marketing of finished dosage formulations (“FDF”) and active pharmaceutical ingredients (“APIs”).
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The company’s focus is primarily on niche therapeutic areas and complex products. We market and distribute our products in over 40 countries. The company sells our FDF products in the United States, India, Europe, and the rest of the world (“RoW”). We also operate in certain key geographies through our subsidiaries.
Necessity of the Issue :
- The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
- The Buyback may help in improving return on equity, by the reduction in the equity base.
Natco Pharma Buyback 2023 Offer Details:
| Event Name | Details |
| Buyback Type | Open Market |
| Buyback Record Date | Open Market |
| Buyback Offer Amount | ₹210.00 Cr |
| Date of Board Meeting approving the proposal | 08 March 2023 |
| Date of Public Announcement | 08 March 2023 |
| Buyback Offer Size | 1.64% |
| Buyback Number of Shares | 30,00,000 |
| Listing | NSE, BSE |
| Face Value | ₹2/- Rs. |
| Buyback Price | ₹700/- per share. |
Natco Pharma Buyback 2023 Dates :
We have covered all important dates related to “Natco Pharma Buyback 2023” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 02 March 2023 |
| Buyback Approval date | 08 March 2023 |
| Public Announcement Date | 08 March 2023 |
| Buyback Record Date | Open Market |
| Buyback Opening Date | 21 March 2023 |
| Buyback Closing Date | 20 September 2023 |
Natco Pharma Limited Financial Report (in Cr) :
| Year | Revenue | Expense | PAT |
| 2022 | ₹1,945 | ₹1,681 | ₹139.00 |
| 2021 | ₹2,052 | ₹1,446 | ₹310.00 |
| 2020 | ₹1,915 | ₹1,332 | ₹474.00 |
Quick Link :
■ Publication Letter
■ Letter of Offer
■ Application Form
Registrar of The Buyback :
Venture Capital and Corporate Investments Private Limited
12-10-167, Bharatnagar, Hyderabad -500018,
Andhra Pradesh, India
Tel : 040 23818475
Email ID : [email protected]
Investor Grievance E-mail : [email protected]
Website : https://www.vccipl.com
Manager of The Buyback :
DAM Capital Advisors Limited
One BKC, Tower C, 15th Floor Unit No. 1511,
Bandra Kurla Complex Bandra (East),
Mumbai – 400 051 Maharashtra, India
Tel : +91 22 4202 2500
Fax : +91 22-4202 2504
Email : [email protected]
Website : www.damcapital.in
Company Address :
Natco Pharma Limited
NATCO HOUSE’, Road No. 2,
Banjara Hills, Hyderabad – 500034.
Telangana, India.
Tel : +91 40 23547532, Fax : +91 40 23548243
www.natcopharrna.co.in
How to Participate in Natco Pharma Ltd buyback?
The Investors are eligible for the buyback scheme who have Natco Pharma shares in their Demat account as the Record date is Not Declare as the offer is Open Market. Investors can participate in the Natco Pharma 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 Natco Pharma buyback scheme.
How to apply for Natco Pharma 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 Natco Pharma and then Place order.
- Enter the quantity and tap on Submit.
How to apply for Natco Pharma 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 Natco Pharma Buyback in the search option.
- You can see Natco Pharma buyback result in search option tap on the Natco Pharma buyback.
- You will reach the Natco Pharma buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for Natco Pharma 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 Natco Pharma 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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Natco Pharma Buyback 2023 FAQs:
When is Natco Pharma Buyback Announcement Date?
Natco Pharma buyback 2023 announcement date is 08 March 2023.
When is Natco Pharma Buyback Open Date?
Natco Pharma buyback Open date is 21 March 2023.
When is Natco Pharma Buyback Close Date?
Natco Pharma buyback Close date is 20 September 2023.
When is Natco Pharma Buyback Record Date?
Natco Pharma buyback 2023 Record date is Not Declare as the offer is Open market.
What is Natco Pharma Buyback Price?
Natco Pharma company has fixed the price at ₹700 per share.
What is Natco Pharma Buyback Offer Size?
Natco Pharma company Buyback Offer Size is ₹210 Cr.
How to apply for Natco Pharma Buyback 2023?
As per the record date you need to have Natco Pharma shares in your Demat account. You can participate in buyback after having the stock in your account.
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