FDC Buyback 2022 Details: Opening Date, Closing Date, Buyback Price

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
FDC Buyback 2022

FDC Buyback 2022 Details: Opening Date, Closing Date, Buyback Price

Buyback TypeTender Offer
Buyback Record DateFeb 19, 2022
Buyback Offer AmountRs 137.75 cr. (Approx)
Date of Board Meeting approving the proposalFeb 09, 2022
Date of Public AnnouncementFeb 09, 2022
Buyback Offer Size1.72%
Buyback Number of Shares2900000 (Approx)
Price TypeTender offer
Buyback PriceRs 475 Per Equity Share (Approx)
Face ValueRs 1 Per Equity Share

About FDC

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.

FDC Buyback IPO FAQs

What is the record date for FDC Buyback offer?

The record date for the FDC Buyback is Feb 19, 2022.

What is the issue size of FDC Buyback?

The issue size of FDC Buyback is 0.29 Crores equity shares at ₹475 per share aggregating up to ₹137.75 Crores.

What is the offer price for FDC Buyback offer?

The FDC Buyback is being offered at Rs ₹475 per share per equity share.

When is FDC Buyback offer coming?

The FDC Buyback open and close dates are not available as of now.

How do I take part in the FDC Buyback?

Through their Stock Broker, any eligible Shareholders of the Company owning either Physical Shares or Demat Shares as of the Record Date can participate in the repurchase offer.

The eligible shareholder must advise their broker of the information of the Equity shares they desire to tender in the Buyback Offer if they hold the shares in Demat form. The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange. Original share certificates and supporting paperwork must be presented to the broker by the qualifying shareholder who owns the shares in physical form. The broker executes an order on the stock market when document verification is completed and submits the original share certificate and TRS to the registrar.

In the case of Demat shares, the tender form and TRS are optional, while in the case of physical shares, they are required.