FDC Limited is a company that makes and sells Oral Rehydration Salts and ophthalmics. Mentioned are the FDC Buyback 2022 Details. At its meeting on February 9, 2022, the Board of Directors approved, among other things, the proposal to Buyback its own fully paid-up Equity Shares of Re. 1/- each (“Equity Shares”) from equity shareholders of the Company as of Record Date for up to 29,00,000 fully paid-up Equity Shares (representing 1.72 percent of the Company’s total paid-up equity capital) at a price of Rs.475/- (Rupees Four Hundred and Seventy-Five only) per and free reserves as of March 31, 2021) on a proportionate basis via the “Tender Offer” route as prescribed by the Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018 (“Buyback Regulations”) and the Companies Act, 2013 and the Rules made thereunder (“Act”), including any statutory modification(s) or reenactment of the Act, for the time being in force).
FDC Buyback 2022 Details: Opening Date, Closing Date, Buyback Price
|Buyback Type||Tender Offer|
|Buyback Record Date||Feb 19, 2022|
|Buyback Offer Amount||Rs 137.75 cr. (Approx)|
|Date of Board Meeting approving the proposal||Feb 09, 2022|
|Date of Public Announcement||Feb 09, 2022|
|Buyback Offer Size||1.72%|
|Buyback Number of Shares||2900000 (Approx)|
|Price Type||Tender offer|
|Buyback Price||Rs 475 Per Equity Share (Approx)|
|Face Value||Rs 1 Per Equity Share|
FDC Limited is a company that makes and sells Oral Rehydration Salts and ophthalmics. Oral Rehydration Salts, Ophthalmology, Dermatology, Antibiotics, Antivirals, Cardiovascular, and Anti-diabetes are just a few of the therapeutic areas in which the company has a diverse product range. Active Pharmaceutical Ingredients (APIs) and Finished Dosage Forms are also produced. It has more than 300 goods in India and exports to more than 50 countries.
The company’s manufacturing plants are located in Maharashtra’s Roha, Waluj, and Sinnar, Himachal Pradesh’s Baddi, and Goa’s Verna.