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Jenburkt Pharmaceuticals Buyback FAQ's

Jenburkt Pharmaceuticals Buyback Detail
Buyback Record Date
Buyback Open Date Dec 14, 2022
Buyback Closing Date Jun 13, 2023
Issue Size (Amount) ₹11.60 Crores
Buyback Price ₹702 per Share

Jenburkt Pharmaceuticals Buyback Date & Price FAQs

The Jenburkt Pharmaceuticals Buyback price is set at Rs 702 Per Share. The Jenburkt Pharmaceuticals Buyback opens on Dec 14, 2022 and closes on Jun 13, 2023.

There is no concept of Tender form in case of an open market offer through the Stock exchange. Any equity shareholder holding the Equity shares of Jenburkt Pharmaceuticals Buyback can participate in the buyback offer through their stockbroker.

The Public Announcement for Jenburkt Pharmaceuticals Buyback can be download here.

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

Necessity of the Issue:

The buyback is being undertaken for the following reason:

  • The company is expected to achieve the objective of returning surplus funds to the shareholders, improving return on equity through distribution of surplus funds, improving earnings per share by reduction in equity base and increasing shareholders' value in the long term by improving key return ratios.
  • The Buyback will lead to reduction in outstanding Equity Shares of the Company, improvement in 'earnings per share' and enhanced return on equity.

The Jenburkt Pharmaceuticals Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one’s need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.


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