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Comparision between Ajanta Pharma Buyback 2023 and Axita Cotton Buyback 2023.
Ajanta Pharma Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Axita Cotton Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.
Ajanta Pharma Limited | Axita Cotton Limited | ||||||||||
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Type of Buyback | Tender Offer | Tender Offer | |||||||||
Listing At | BSE, NSE | BSE, NSE | |||||||||
Face Value | ₹2 per share | ₹1 per share | |||||||||
Buyback Price | ₹1425 per share | ₹56 per share | |||||||||
Issue Size | 22,10,500 shares | 9,00,000 shares | |||||||||
Issue Size (Amount) | ₹315.00 Crores | ₹5.04 Crores | |||||||||
Buyback Ratio |
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Registrar | Link Intime India Private Ltd | Skyline Financial Services Private Ltd | |||||||||
Lead Managers | Edelweiss Financial Services Ltd | Beeline Capital Advisors Pvt Ltd | |||||||||
Necessity of the buyback | The buyback is being undertaken for the following reasons:
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The buyback is a capital allocation decision taken by the company. The buyback will help the company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders' value in the longer term, and improving the return on equity. |
Ajanta Pharma Buyback 2023 and Axita Cotton Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Ajanta Pharma Buyback 2023 Buyback record date is Mar 24, 2023. Axita Cotton Buyback 2023 Buyback record date is Jun 02, 2023.
Ajanta Pharma Limited | Axita Cotton Limited | |
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Record Date | Mar 24, 2023 | Jun 02, 2023 |
Offer Open Date | Mar 31, 2023 | Jun 08, 2023 |
Offer Closure Date | Apr 10, 2023 | Jun 14, 2023 |
Last date for receipt of tender forms | Apr 10, 2023 | Jun 14, 2023 |
Finalisation of buyback | Apr 13, 2023 | Jun 21, 2023 |
Last Date for settlment of bids | Apr 18, 2023 | Jun 21, 2023 |
Last Date for extinguishment of shares | Apr 27, 2023 | Jul 03, 2023 |
Comparison of Ajanta Pharma Buyback 2023 and Axita Cotton Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
Ajanta Pharma Limited | Axita Cotton Limited | ||||||||||||||||||||||||||||||||||||||||||||||
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Stock price at BSE | Stock price at BSE (in preceding 3 months)
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Stock price at BSE (in preceding 3 months)
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Stock price at NSE | Stock price at NSE (in preceding 3 months)
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