The maximum buyback price of Rs 240 per equity share represents a 34.72% premium to Thursdays closing price of Rs 178.15 on the BSE. The indicative maximum number of equity shares to be bought back under the buyback would be 33,70,416 equity shares (representing approximately 2.28%, which is less than 25% of the existing paid-up equity share capital of the company). The maximum buyback size represents 9.66% and 10% of the aggregate of the total paid-up equity share capital and free reserves of the company based on the latest audited standalone and consolidated financial statements of the company as on 31 March 2022, respectively. Bajaj Consumer Care is the leading player in light hair oil category with the flagship brand Bajaj Almond Drops Hair Oil commanding around 65% market share in its category. The company also manufactures other hair care and skin care products under various brands. The companys consolidated net profit tumbled 31.9% to Rs 31.66 crore despite of 7.7% rise in net sales to Rs 229.71 crore in Q2 FY23 over Q2 FY22. Powered by Capital Market – Live News
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.