Marksans Pharma buyback 2022 was announced on July 8, 2022. The Marksans Pharma buyback open date is July 15 and will close on January 14. Marksans Pharma buyback record date is not fixed as the buyback offer is Open Market. The investor should buy the Marksans Pharma shares before the record date to get eligibility for the buyback.
Marksans Pharma Buyback of ₹60 crore approved by the board of directors at the meeting was held on July 8, 2022. Marksans Pharma Buyback will be done via the Open Market route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹1 each equity share at a price not exceeding ₹60 per Equity Share and for an aggregate amount not exceeding ₹60 crores from the shareholders. Check out Marksans Pharma Buyback 2022 details below:
Marksans Pharma Limited is one of the leading pharma company in India. They are doing research, manufacturing and marketing of finished dosage pharmaceutical formulations. They have world-class manufacturing facilities by leveraging state-of-the-art technology, incorporating best practices and adhering to stringent regulatory compliances. Their plants are approved by prestigious US FDA, UK MHRA, Australian TGA and other foreign health authorities. Marksans Pharma's main markets are US, Europe, Canada, Australia and other emerging markets like South East Asia, Africa, Latin America, Russian and CIS countries. The product portfolio of more than 500 products, that are registered in these countries.
Marksans Pharma Buyback 2022 Dates
|Buyback Meeting Date:|| July 8, 2022
|Buyback Announcement Date:||July 8, 2022|
|Buyback Record Date:||Open Market|
|Buyback Open Date:||July 15, 2022|
|Buyback Close Date:||January 14, 2023|
|Finalization of Buyback Acceptance:||N/A|
Marksans Pharma Buyback 2022 Offer Details
Marksans Pharma buyback of [.] equity shares at a price of ₹60 per equity share. The buyback offers not to exceed ₹60 crores of the total buyback offer size.
|Offer Amount:||₹120 Crores|
|Number of Shares:|| [.] Equity Shares
|Face Value:|| ₹1 per equity share
|Buyback Price:|| ₹60 per equity share
|Listing:|| BSE & NSE
|Buyback Type:||Open Market|
|Public Announcement:||Click Here|
Marksans Pharma Buyback 2022 Acceptance Ratio
The investor should buy around 3333 shares at a current market price of ₹50 (as of July 8, 2022). The calculation will be ₹2,00,000 / ₹60 buyback price = 3333 shares.
|Acceptance Ratio||Investment||Shares Buyback||Profit
Marksans Pharma Financial Report
|₹ in Crores|
How to Participate in Marksans Pharma Buyback 2022
The investors are eligible for the buyback scheme who have Marksans Pharma shares in their Demat account as the Open Market. Eligible Share Holders can participate in the Marksans Pharma Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Marksans Pharma buyback scheme.
Marksans Pharma Buyback 2022 RegistrarBigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road, Marol,
Mumbai 400059, Maharashtra
Marksans Pharma Buyback 2022 Lead Managers
- Sundae Capital Advisors
Marksans Pharma Company AddressMarksans Pharma Ltd
11th Floor, Veera Desai Extension Road,
Oshiwara, Andheri (W), Mumbai - 400 053
Phone: +91 224001 2000
How to Apply the Marksans Pharma Buyback through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name "Marksans Pharma". Click on Place Order. Enter your Quantity and submit Marksans Pharma Buyback Application Form.
How to Apply the Marksans Pharma Buyback through Upstox?
Log in to Upstox Application with your credentials. Select the Account Section. You will see the Company Name "Marksans Pharma". Click on Marksans Pharma Stock for Buyback. Enter your Quantity and submit Marksans Pharma Buyback Application Form.
How to Apply the Marksans Pharma Buyback through Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Marksans Pharma. Enter your Quantity and submit Marksans Pharma Buyback Application Form.