Aurobindo Pharma completes ₹800 crore share buyback
pre-market1 source ↓written by the desknot a recommendation
- its buyback
- 54,23,728 equity shares
- ₹1,475 per share
- totaling
- ₹800 crore
- of the total
- 3.93%
Aurobindo Pharma has successfully completed its buyback of 54,23,728 equity shares at ₹1,475 per share, totaling ₹800 crore. This buyback, conducted via a tender offer, represents 3.93% of the total paid-up equity share capital and free reserves.
This move may enhance shareholder value and reflects the company’s strong cash position, potentially boosting market sentiment.
Not investment advice. For informational purposes only.