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The Economic Times
The Economic Times
Business
Debaroti Adhikary

Zydus Lifesciences' Rs 1,100 crore share buyback at 13% premium: Check record date, other details

Zydus Lifesciences

Pharma major Zydus Lifesciences on Tuesday announced its biggest-ever share buyback worth Rs 1,100 crore at a buyback price of Rs 1,150 per share, offering nearly a 13% premium over the stock’s previous closing price.

Zydus Lifesciences’ board approved a plan to buy back up to 95.65 lakh shares, each with a face value of Re 1, representing 0.95% of the company’s paid-up equity share capital, for an aggregate amount not exceeding Rs 1,100 crore.

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