Amrutanjan Health Care Buyback 2023 FAQ's

The Amrutanjan Health Care Buyback 2023 price is set at Rs 900 Per Share. The Amrutanjan Health Care Buyback 2023 opens on July 19, 2023 and closes on July 25, 2023.

The Tender Form is a part of the Letter of Offer. It is sent via email to the eligible shareholders on their registered email ids with the depositories/the Company.

In case the email id is not registered, the Tender form/Letter of Offer is sent via registered post/speed post/courier to the eligible shareholders as on record date.

Alternatively, the Tender Form and Letter of Offer can also be accessed from the websites of the Company, the Registrar to the Buyback, the Stock Exchanges, or the Manager to the Buyback.

The Letter of Offer for Amrutanjan Health Care Buyback 2023 can be download here.

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

Necessity of the Issue:

The proposed Buy-back will help the Company achieve the following objectives:

1. Improve the valuation of the Company and fair valuation of the share price
2. Enhancing the overall return to shareholders in the long run
3. Creating long term value for shareholders
4. Improving the fundamental ratios of the Company
5. Exit option to shareholders, particularly small shareholders, at a premium over market price.

The Amrutanjan Health Care Buyback 2023 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one’s need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.