Zydus Lifesciences announces share buyback. 5 things you should know
Live MintZydus Lifesciences Ltd has announced share buyback at ₹650 per equity share. Revealing about the Zydus Lifesciences share buyback, the company management announced that the offer won't exceed 1,15,38,461 shares. Announcing about share buyback, Zydus Lifesciences informed Indian bourses citing, "Submission of Letter of Offer pertaining to buyback of not exceeding 1,15,38,461 fully paid-up equity shares having a face value of INR 1/- each of Zydus Lifesciences Limited at a price of INR 650 per Equity Share for an aggregate amount not exceeding INR 750,00,00,000, on a proportionate basis through tender offer route, pursuant to the Securities and Exchange Board of India Regulations, 2018, as amended. Here we list out 5 things in regard to Zydus Lifesciences buyback of shares: 1] Zydus Lifesciences share buyback price: The company has announced to buyback shares at ₹650 per equity share. 4] Buyback process: Zydus Lifesciences share buyback will be done on proportionate basis via tender offer route.