FDC will buyback nearly 29,00,000 shares for about Rs.137.75 Crore. In a filing to the stock exchanges, FDC said it will buyback percent of the fully paid-up equity shares at a price of Rs.475/- per equity share.
The Board approved the proposal of FDC buyback of fully paid-up equity shares of the face value of Rs.1 each of the Company for an amount not exceeding Rs.137.75 Crores. FDC Buyback 2022 Size is being 1.72% of the aggregate of the total paid-up Equity Share capital and free reserves of the Company based on the latest standalone and consolidated audited financial statements of the Company respectively as of March 31, 2021. FDC 2022 price is Rs.475 per Equity Share through the "tender offer" route, on a proportionate basis.
FDC Buyback 2022 Offer Details:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Feb 19, 2022 |
| Buyback Opening Date: | NA |
| Buyback Closing Date: | NA |
| Buyback Offer Amount: | ₹137.75 Crore |
| Date of Board Meeting approving the proposal: | Feb 9, 2022 |
| Date of Public Announcement: | Feb 9, 2022 |
| Buyback Offer Size: | 1.72% |
| Buyback Number of shares: | 29,00,000 |
| Price Type: | Tender Route |
| FV: | Rs.1 |
| Maximum Buyback Price: | ₹475 Per Equity Share |
Details Of FDC Buyback
The Board of Directors of the FDC at its meeting held on Feb 9, 2021, has approved a proposal to buy back up to 29,00,000 Equity Shares of the Company, being 1.72% of the total paid-up equity share capital of the Company, for an aggregate amount not exceeding Rs.137.75 Cr. for Rs.475 per Equity Share through " Tender Route".
FDC Buyback Important Dates
In this section, we have covered all important dates related to the “FDC Buyback Date”. Dates are updated as they are announced. The most noted dates are the FDC record date and FDC buyback open and close dates, which one should use to participate in the buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for FDC Buyback proposal | Feb 9, 2022 |
| FDC Buyback Approval date | Feb 9, 2022 |
| Public Announcement of FDC Buyback | Feb 10, 2022 |
| FDC Buyback Record Date | Feb 19, 2022 |
| FDC Buyback opens on/Buyback Opening Date | 2022 |
| FDC Buyback closes on/Buyback Closing Date | 2022 |
| Cut-off date to receive completed tender forms by Registrar | 2022 |
| Cut-off date for verification by the Registrar | 2022 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar |
2022 |
| Last date of settlement of bids on the stock exchange | 2022 |
| Last date to return unaccepted shares by Registrar | 2022 |
| Last date of extinguishment of Equity Shares | 2022 |
How to Participate in FDC buyback?
- Firstly to be eligible for the buyback the investor should have shares of FDC Buyback 2022 in Demat or physical form as on record date [Feb 19, 2022].
- Once you have shares in Demat, you can participate in the buyback process which is opening from [Not Announced] by selling your shares through your broker on NSE or BSE.
- Then on [Not Announced], the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Checkout Current FDC Shares market price on NSE and BSE: MAYUR UNIQUOTERS
Profit from the buyback on the basis of acceptance Ratio:
Buy 421 Shares at CMP of Rs.313 [2,00,000/475=421)| Acceptance Ratio | 33% | 50% | 75% | 100% |
|---|---|---|---|---|
| Amount Invested in Buyback | 1,61,200 | 1,61,200 | 1,61,200 | 1,61,200 |
| No. of Shares buyback | 81 | 124 | 186 | 248 |
| BuyBack Profit | 12,555 | 19,096 | 28,644 | 38,192 |
| Profit | 7.77% | 11.84% | 17.76% | 23.26% |
Past FDC Buyback Acceptance Ratio
- FDC-2018 Finished the buyback within 2 months and the final Acceptance Ratio was 13.55%.
- FDC-2019 Finished the buyback within 2 months and the final Acceptance Ratio was 19.55%
- FDC-2020 Finished the buyback within 2 months and the final Acceptance Ratio was 30%
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About FDC:
Today, FDC carries forward the flaming spirit of its first dream, achieving accreditations from the US-FDA, UK-MHRA, MCC-RSA, and the UAE, to cite a few. FDC is a forerunner in the manufacturing and marketing of Oral Rehydration Salts (ORS) and ophthalmics. FDC has also set up globally approved, multi-location manufacturing facilities for Active Pharmaceuticals Ingredients (APIs) as well as Finished Dosage Forms. These facilities are located at Roha, Waluj, and Sinnar in Maharashtra, Verna in Goa and Baddi in Himachal Pradesh. FDC markets more than 300 products in India and exports many of these to over 50 countries.
FDC strives to explore, innovate and integrate solutions with modern technology, empowering talent and expanding healthcare horizons for a better quality of life to millions globally.
NECESSITY OF BUYBACK By FDC
Buyback is the purchase of its own Equity Shares by the Company. The objective is to maximize returns
to investors, reduce the total number of shares, and enhance overall shareholders' value by returning cash
to shareholders in an efficient and investor-friendly manner. The Board of Directors of the Company
at its meeting held on February 09, 2022, considered the accumulated Free Reserves as well as cash
liquidity reflected in the audited accounts for the Financial Year ended March 31, 2021, and benefits
to the members holding Equity Shares of the Company and decided to allocate a sum of Rs. 13,775
Lakhs (Rupees One Hundred Thirty-Seven Crore Seventy-Five Lakhs only) (which is 8.02% and 7.97%
of the total paid-up equity capital and free reserves, as per the standalone and consolidated financial
statements, respectively, of the Company for the year ended March 31, 2021), excluding expenses
incurred or to be incurred for the Buyback like filing fees payable to the SEBI, merchant banker fees,
stock exchange fee for usage of their platform for Buyback, transaction costs viz. brokerage, applicable
taxes inter- Alia including tax on distributed income to shareholders, Securities Transaction Tax,
Goods and Services Tax, Stamp duty, etc., public announcement publication expenses, printing, and
dispatch expenses, and other incidental and related expenses, which is within the maximum amount
as aforesaid, for returning to the members holding Equity shares through Buyback.
The Company’s management strives to increase Shareholder’s value and the Buyback would result in,
amongst other things:
1. The Buyback will result in a reduction in the overall capital employed in the business, which will,
in turn, lead to higher earnings per share and enhanced return on equity and return on capital
employed, return on net worth, return on assets, etc and long term increase in shareholders’
value.
2. The Buyback will help the Company to distribute surplus cash to its Members holding equity shares
broadly in proportion to their shareholding, thereby, enhancing the overall return to Members.
3. The Buyback, which is being implemented through the Tender Offer route as prescribed under the
SEBI Buyback Regulations, would involve allocation of 15% of the outlay to Small Shareholders.
The Company believes that this reservation of 15% for Small Shareholders would benefit a large
number of public shareholders, who would get classified as “Small shareholders”; and
4. The Buyback gives an option to the Members holding equity shares of the Company, who can
choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback
Offer or they may choose to not participate and enjoy a resultant increase in their percentage
shareholding, post the Buyback Offer, without additional investment.
Company Contact Information
FDC Limited,
C/3, Skyvistas, Near Versova Police Station,
106A, J. P. Road, D. N. Nagar,
Andheri (W), Mumbai – 400053.
Tel: 022-26739100 / 26300611-13
Fax: 022 – 26300614
E-mail: contact@fdcindia.com
Website: www.fdcindia.com
FDC Buyback Registrar
C-101, 1st Floor, 247 Park,L.B.S. Marg, Vikhroli (West),Mumbai - 400 083, Maharashtra, IndiaTel No.: +91 22 4918 6200;Fax No.: +91 22 4918 6195;Email id.: fdc.buyback2022@linkintime.co.inWebsite: www.linkintime.co.inSEBI Regn. No.: INR000004058
FDC Buyback 2022 FAQs:
When is FDC Record Date?
FDC buyback 2022 record date is Feb 19, 2022.
What is the FDC Buyback Opening Date?
FDC buyback 2022 Opening date is Not been announced yet.
What is the FDC Buyback Closing Date?
FDC buyback 2022 Closing date is Not announced yet.
When is FDC Buyback Announcement Date?
FDC buyback 2022 announcement Date is Feb 10, 2022.
What is FDC Buyback Price?
The company has fixed the maximum price of ₹475.
How to apply for FDC Buyback 2022?
As per the record date you need to have FDC shares in your Demat account. You can participate in buyback after having the stock in your account.
