Part of the USD 500 million Aarti Group of Industries, Aarti Drugs Ltd (ADL) was established way back in in 1984.Since its inception, the Company has established a strong presence in the Anti-diarrhea, Anti-inflammatory therapeutic groups. With its manufacturing facilities at Tarapur and Sarigam, the Company manufactures Vitamins, Anti-arthritis, Anti-fungal, Antibiotics, ACE inhibitors, besides its range in , anti-diabetic, anti-cholinergic, sedatives and anti-depressant drugs.
Over the years, the Company has been able to carve a niche for itself and is looking forward to expand the volumes. With the government initiative to encourage private health insurance schemes, consumer spending on medicines is expected to increase, which will spur growth in the generic sector in the domestic market.
Over the years, the Company has been able to carve a niche for itself and is looking forward to expand the volumes. With the government initiative to encourage private health insurance schemes, consumer spending on medicines is expected to increase, which will spur growth in the generic sector in the domestic market.
Aarti Drugs Limited Buy-Back Details
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Date of Board Meeting for Buyback Proposal | 15-03-2019 |
Date of Buyback Approval | 15-03-2019 |
Date Public Announcement of Buyback | 15-03-2019 |
Buyback Type | Tender Offer |
Buyback Record Date | 29-03-2019 |
Buyback Opening Date | - |
Buyback Closing Date | - |
Buyback Amount | ₹ 25.389 Cr |
Buyback Number of Share | 2,82,100 |
Buyback Price | ₹ 900 Per Share |
Face Value | ₹ 10 |
Holding Time | 3 Months |
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Profit acceptance Ratio
Buy 222 Shares at CMP ₹ 653 [2,00,000/900= 222] |
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Acceptance Ratio | 33% | 50% | 75% | 100% |
Buy Price | ₹ 653 | ₹ 653 | ₹ 653 | ₹ 653 |
Amount Invested in Buyback | ₹ 1,44,966 | ₹ 1,44,966 | ₹ 1,44,966 | ₹ 1,44,966 |
No. of Shares Buy | 222 | 222 | 222 | 222 |
Earning Per Share | ₹ 247 | ₹ 247 | ₹ 247 | ₹ 247 |
No. of Shares Buy-Back | 73 | 111 | 167 | 222 |
BuyBack Profit | ₹ 18095 | ₹ 27417 | ₹ 41125 | ₹ 54834 |
Profit(%) | - % | - % | - % | - % |
Aarti Drugs Limited Contact Details
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AARTI DRUGS LIMITED,
Mahendra Industrial Estate, Ground Floor, Road No 29, Plot No 109-D, SION (East), MUMBAI- 400 022.( INDIA) TEL: ++91 22 2401 9025 (30 LINES) FAX: ++91 22 2407 3462 / ++91 22 2407 0144 Email ID:- investorrelations@aartidrugs.com Website :- http://www.aartidrugs.co.in |
Registrar of Aarti Drugs Limited
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