StockWatch
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Pharmaceuticals
Buyback27 Oct 2026, 08:20 pm

FDC Ltd Approves Buyback of Equity Shares Worth ₹120 Crore

AI Summary

FDC Ltd announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Concurrently, the Board of Directors approved a proposal to buy back up to 24,00,000 equity shares, representing 1.47% of the total paid-up equity capital, at a price of ₹500 per share. The total offer size for the buyback is not to exceed ₹120 Crore. The buyback will be conducted through the 'Tender Offer' route. The company has fixed November 13, 2026, as the record date for determining shareholder eligibility for the buyback. Promoters and the Promoter Group have indicated their intention to participate in the buyback.

Key Highlights

  • FDC Ltd declared Q2 FY27 unaudited financial results.
  • Board approved a buyback of equity shares worth ₹120 Crore.
  • Buyback price set at ₹500 per share for up to 24 Lakh shares.
  • Record date for buyback set as November 13, 2026.
  • Promoters intend to participate in the buyback offer.