Zydus Lifesciences Extinguishes 87 Lakh Equity Shares Bought Back in Tender Offer
Zydus Lifesciences Ltd has completed the extinguishment of a significant number of equity shares bought back through a tender offer, reducing its fully paid-up share capital following the corporate action. The Company confirmed that 87,30,158 Equity Shares had been extinguished, which were in dematerialized form.The buyback operation involved Zydus Lifesciences with shareholders at a specified price. A total of 87,30,158 Equity Shares, each having a face value of INR 1, were bought back at a price of INR 1,260 per share. The aggregate amount for this buyback did not exceed INR 1100,00,00,000.
The extinguishment was completed in compliance with relevant regulations governing the buyback of securities and shareholdership patterns were publicly disclosed following the transaction.
Share Capital Reconciliation
The exercise resulted in a reduction of issued and subscribed capital. The reconciliation of Zydus Lifesciences’ share capital before and after the extinguishing process is detailed below:| Particulars | No. of Equity Shares | Amount (in INR) |
|---|---|---|
| Pre-extinguishment: Issued, Subscribed and Fully Paid-Up Share Capital | 100,62,33,990 | 100,62,33,990 |
| Less: Equity Shares bought back (Electronic Form) | 87,30,158 | 87,30,158 |
| Post-extinguishment: Issued, Subscribed and Fully Paid-Up Share Capital | 99,75,03,832 | 99,75,03,832 |
Post-Extinguishment Shareholding Pattern
The buyback operation altered the shareholding composition of Zydus Lifesciences. The pre and post-buyback shareholder patterns show the distribution across different categories.| Category of Shareholder | No. of Shares Pre-Buyback | % to the existing equity share capital | No. of Shares Post-Buyback | % to the Post Buyback equity share capital |
|---|---|---|---|---|
| Promoter and Promoter Group and persons acting in concert (A) | 75,46,25,314 | 74.99 | 74,82,73,673 | 75.01 |
| Shareholding of the Non Promoter(s) (B) | 25,16,08,676 | 25.01 | 24,92,30,159 | 24.99 |
| Foreign Investors (including Non Resident Indians / FIIs/ Foreign Nationals/ Foreign Corporate Bodies) | 7,23,96,233 | 7.19 | 24,92,30,159 | 24.99 |
| Financial Institutions/ Banks/ Mutual Funds/ Insurance/ Government Companies | 11,14,15,893 | 11.08 | 24,92,30,159 | 24.99 |
| Others (Individuals, Bodies Corporate, Employees, etc.) | 6,77,96,550 | 6.74 | 24,92,30,159 | 24.99 |
| Total | 100,62,33,990 | 100.00 | 99,75,03,832 | 100.00 |
ZYDUSLIFE Stock Price Movement
Shares of Zydus Lifesciences Limited shed 0.20% today, settling at ₹1070.8 after trading in the post-market session. The stock traded a total volume of 887,232 shares during the day's activity.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.