Zydus Lifesciences Buyback Date and Price

Zydus Lifesciences Buyback Details: Zydus Lifesciences Limited announced a share buyback of up to 1,15,38,461 shares, representing 1.13 percent of the company’s fully paid-up equity shares, today. The decision was announced in the company’s most recent exchange communication.

The record date for share buyback has been set for 2 June 2022, with buybacks taking place at a price of Rs. 650 per share. The current share price of Zydus Lifesciences Ltd is around Rs. 350 per share.

Zydus Lifesciences Buyback

The Board of Directors of the Company approved a proposal to buyback not more than 1,15,38,461 fully paid-up equity shares of the Company, each with a face value of Rs. 1, representing up to 1.13 percent of the total number of equity shares in the Company’s paid-up equity share capital, at a price of Rs. 650 per Equity Share (“Buyback Price”) payable.

Zydus Lifesciences Buyback Date

The Issue Period of Zydus Lifesciences Buyback is (To be announced). This buyback share will open on (To be announced) and closing date is (To be announced). Zydus Lifesciences record date is 2 June 2022. Zydus Lifesciences Buyback Issue Type is Tender Offer.

Zydus Lifesciences Buyback Price

The Zydus Lifesciences buyback share price has been set at Rs. 650 per equity share by the company. The record date for Zydus Lifesciences buyback has been set for June 2, 2022.

Zydus Lifesciences Buyback Details

Security NameZydus Lifesciences Limited
Buyback TypeTender Offer
Buyback Record DateJun 2, 2022
Offer Opens OnJun 23, 2022
Offer Closes OnJul 06, 2022
Buyback Offer AmountRs 750 Crores
Listing AtBSE, NSE
Buyback PriceRs. 650 per share
Face ValueRs. 1 Per Equity Share

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About Zydus Lifesciences Buyback

Zydus Lifesciences Limited is a renowned pharmaceutical company based in India that provides healthcare services worldwide. Formulations, APIs, vaccines, biosimilars, complex goods (transdermals, topicals, etc.), animal health products, and wellness products are all manufactured by the company.

Zydus Lifesciences Limited operates production facilities in India, Germany, Brazil, and the United States. The fourth largest pharmaceutical company in India is Zydus Lifesciences Limited. Cadila Healthcare Limited was the previous name of Zydus Lifesciences.

The rich history and pedigree of Zydus is one of its most notable qualities. The company’s beginnings can be traced back to the 1950s. Mr. Ramanbhai B. Patel (late), a first-generation entrepreneur and a doyen in the field of Indian pharmaceuticals, founded the company in 1952.

Zydus continues to develop with an unwavering focus to meet unmet healthcare needs, staying true to its brand promise of being dedicated to life in all its aspects. At the same time, it recommits to its objective of promoting healthier, happier communities around the world.

Zydus Lifesciences Buyback FAQs

What is Zydus Lifesciences Buyback price?

The Zydus Lifesciences Buyback price is set at Rs 650 Per Share.  Zydus Lifesciences Buyback will start on (To be announced) and end on (To be announced).

How do I get the Tender Form for Zydus Lifesciences Buyback?

The Letter of Offer includes a Tender Form. It is communicated to eligible shareholders through email on their depositories’/Company’s registered email addresses.

If the email address is not recorded, the Tender form/Letter of Offer is mailed to eligible shareholders on the record date through registered mail, speed mail, or courier.

Alternatively, the Tender Form and Letter of Offer can be found on the Company’s, Registrar to the Buyback’s, Stock Exchanges’, and Manager to the Buyback’s websites.

Where can I get the Letter of Offer for Zydus Lifesciences Buyback?

The Letter of Offer for Zydus Lifesciences Buyback can be download here.

How to participate in for Zydus Lifesciences Buyback?

Through their stockbroker, any equity shareholder with shares in Demat form can participate in the repurchase offer. Only after the shares have been turned into a Dematerialized form can the physical shareholder participate.

The shareholder must advise their broker about the Equity shares they desire to sell. When the corporation issues a buy order for the buyback, the broker will place a sell order. Only when the price given by the shareholder meets the company’s buy order will the trade be conducted at the offer price or less.

Why is Zydus Lifesciences Buyback coming up with buyback?

The need for Zydus Lifesciences Buyback has yet to be determined.

Is Zydus Lifesciences Buyback good or bad?

The Zydus Lifesciences Buyback programme allows shareholders to exit their interests at a higher price. If you stay invested, you will have a higher percentage of the company’s stock and higher earnings per share. To decide whether to stay invested or participate in the repurchase offer, one must first analyse the company’s fundamentals, as well as one’s needs, ambitions, and risk appetite.

What is opening date for Zydus Lifesciences Buyback?

The Zydus Lifesciences Buyback opening date is (To be announced).

What is record date for Zydus Lifesciences Buyback?

The Zydus Lifesciences Buyback record date is 2 June 2022.

What is the issue size of Zydus Lifesciences Buyback?

Zydus Lifesciences Buyback issue size is a Rs. 750 Crores.

What is Buyback Price of Zydus Lifesciences Buyback?

Zydus Lifesciences Buyback price is Rs. 650 per share.