Granules India buyback offer: Open and close dates, offer size, record date and more

Granules India buyback record date:  Shares of Granules India closed more than three per cent higher as the buyback offer kicked in on Tuesday, September 27, 2022. The pharmaceutical stock rose 3.3% to close at 318.05 per share on the BSE.  

Granules India buyback offer details 

The Board of Directors of Granules India had fixed October 11 as the last day to tender shares. The company had announced to buy back 62.5 lakh shares, equivalent to 2.52 per cent of total paid-up capital, from its shareholders.   

Granules India had announced to buy back share via tender offer on a proportionate basis at a price of Rs 400 a share for up to Rs 250 crore.  

Granules India buyback record date 

The company had fixed the record date to identify eligible shareholders for the buyback offer as August 23. It simply means those with Granules India shares on or before the aforementioned date in their demat account can participate in the buy back offer.  

Granules India buyback Manager and Registrar  

The pharmaceutical company chose Motilal Oswal Investment Advisors Limited as the manager to the buyback offer, while KFin Technologies Limited was selected as registrar to Granules India buyback.  

Granules India share price history 

The pharma stock traded flat in the past one year and yielded a negative return of over 15% in the last two years. In the last three months, Granules India share price has risen by 18% amid buyback offers.  

Headquartered in Hyderabad, Granules India is a vertically integrated pharmaceutical company which offers collaborative and strategic partnership to global pharmaceutical leaders by producing API, PFI and FD through manufacturing, process innovation and regulatory expertise.