Buyback complete: 16 lakh shares extinguished, capital reduced
JAGSNPHARM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved in line with Nifty Microcap 250 and 0.3 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jagsonpal Pharmaceuticals completed its buyback via tender offer, extinguishing 16,00,000 equity shares (about 2.38 percent of capital). Paid-up equity capital fell from 6.71 crore shares to 6.55 crore shares worth Rs 13.11 crore at Rs 2 face value. Promoter holding rose from 67.71 percent to 69.36 percent as public shareholders tendered shares.
Share count drops 2.38%, lifting promoter stake to 69.36%. Marginally positive for EPS on remaining shares.