GAGA Share Market News

[hfe_template id='11223'] [ad_1] Ajanta Pharma has fixed May 30 as the record date for its Rs 285 crore share buyback meaning that the last date to buy the shares in order to qualify for buyback is today. The buyback will take place at a premium of 12.6% from the closing price of Tuesday at Rs 2,420 through a tender route. The buyback is 8.34% of the aggregate of equity share capital of the company. Earlier in the month, Ajanta Pharma had announced its intention to buyback its shares from the public. The offer was proposed for a buyback of up to 10,28,881 equity shares of the company at the price of Rs 2,770, aggregating to an amount up to Rs 285 crore. As of 31st March 2024, 66.2% of the equity was held by the promoter and promoter group entities, while the rest 33.8% is distributed among public, banks, mutual funds, NBFCs etc. Also read: Concord Biotech stock slips over 5% after Rs 519 crore worth of shares change hands In its Q4 results, Ajanta Pharma had reported a 6...