Aarti Drugs to open share buyback offer on April 27; Stock gains 1%

A buyback price of Rs1,000 per equity share has been set which is at a premium compared to the current market price.

Apr 20, 2021 10:04 IST India Infoline News Service

Aarti Drugs
Aarti Drugs has scheduled to open its share buyback plan on April 27. The buyback comprises 6 lakh fully paid-up equity shares having a face value of Rs10 each representing  0.64% of the total number of issued, subscribed and paid-up Equity Shares of the company.

The buyback aggregates to Rs60cr.

A buyback price of Rs1,000 per equity share has been set which is at a premium compared to the current market price.

The buyback will close on May 10, 2021.

At around 10.23 am, Aarti Drugs is trading at Rs723.35 per piece up by 0.8% on Sensex. 

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