Zydus Lifesciences Revises Share Buyback Price and Quantity in Rs 1,100 Crore Program
Zydus Lifesciences is conducting a Rs 1,100 crore share buyback via the tender offer route. Initially, the company planned to repurchase up to 95.65 lakh shares at Rs 1,150 each, a 7% premium. On May 27, the buyback price was raised to Rs 1,260 per share, while the maximum number of shares was reduced to 87.3 lakh, keeping the total buyback amount unchanged. The record date for eligibility is May 29, with May 27 as the last date to purchase shares to participate.