Buyback29 Oct 2026, 01:18 pm
FDC Ltd Approves Buyback of 24 Lakh Shares Worth ₹120 Cr
AI Summary
FDC Limited's Board of Directors has approved a buyback of 24,00,000 equity shares, representing approximately 4.84% of its paid-up share capital and free reserves. The buyback will be conducted through the tender offer route at a price of ₹500 per share, for an aggregate consideration of up to ₹120.00 Crore (₹120.00 Crore). This move is subject to necessary regulatory approvals. The company has appointed Sundae Capital Advisors Private Limited as the Manager to the Offer. The Public Announcement regarding the buyback was published on October 29, 2026.
Key Highlights
- FDC Ltd to buy back 24 lakh shares via tender offer.
- Buyback price set at ₹500 per share.
- Total buyback value capped at ₹120 Crore.
- Represents 4.84% of paid-up capital and reserves.
- Sundae Capital Advisors appointed as Manager to the Offer.
Price Impact
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