Aarti Drugs share buyback: Last day to buy for eligibility

Aarti Drugs, which announced a Rs 60 crore share buyback earlier in August, has set its record date for tomorrow i.e. September 5, which makes today the last day to buy shares to be eligible for the buyback.

The company has proposed a buyback of 6.65 lakh shares, which is 0.72% of the existing paid-up capital and the actual securities bought back will be informed by the company post the buyback.

On a pre-buyback basis, as of August 23, 55.7% of shares of the company are held by the promoter and the promoter group, while the remaining 44.3% rests with public shareholders like non-institutional investors, mutual funds, alternate investment funds etc.


Inga Ventures Private Limited was appointed as the manager of the proposed Buyback

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A share buyback is when a company buys back its own shares from the open market or directly from shareholders. This reduces the number of outstanding shares, often leading to an increase in the value of remaining shares and a higher ownership percentage for shareholders.

Companies typically undertake buybacks to return capital to shareholders, improve financial ratios, or signal confidence in their future prospects.

Prior to this, the company has carried out a share buyback 5 times since 2016, according to the data available on Trendlyne.

Shares of Aarti Drugs have gained merely 2% in the last one year while on a year-to-date basis, the stock has increased by 17.6%. In the last one month, the stock went up by nearly 14%.

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