Zydus Lifesciences Limited Buyback 2022
i. Zydus Lifesciences Limited (Formerly known as Cadila Healthcare Limited), a leading Indian Pharmaceutical company is a fully integrated, global healthcare provider. With in-depth domain expertise in the field of healthcare, it has strong capabilities across the spectrum of the pharmaceutical value chain. From formulations to active pharmaceutical ingredients and animal healthcare products to wellness products, Zydus has earned a reputation amongst Indian pharmaceutical companies for providing comprehensive and complete healthcare solutions.
ii. One of the salient features of Zydus is its rich history and lineage. The origin of the company dates all the way back to the 1950s. The company was founded in the year 1952 by Mr. Ramanbhai B. Patel (late), a first-generation entrepreneur and a doyen in the field of Indian Pharmaceuticals.
iii. In 1995, the group was restructured and thus was formed Cadila Healthcare under the aegis of the Zydus group. From a humble turnover Rs. 250 crores in 1995 the group witnessed a significant financial growth and registered a turnover of over Rs. 15,000 crores in FY-21.
iv. Adhering to its brand promise of being dedicated to life in all its dimensions, Zydus continues to innovate with an unswerving focus to address the unmet healthcare needs. Simultaneously it rededicates itself to its mission of creating healthier, happier communities across the globe.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Jun 02 2022|
|Buyback Opening Date:||Jun 23 2022|
|Buyback Closing Date:||Jul 06 2022|
|Buyback Offer Amount:||₹ 750 crores|
|Date of Board Meeting approving the proposal:||May 20 2022|
|Date of Public Announcement:||May 20 2022|
|Buyback Number of Shares:||1,15,38,461|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 650 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Profit before tax||1,495||2,285||4,996|
|EPS in Rs||11.49||20.84||46.59|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||108371||108371||108371||108371|
|No. of Shares buyback||101||153||230||307|