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Alembic’s buyback offer to open on April 16

Alembic Pharma to buyback up to 1,02,50,000 equity shares of the company.

The company proposes to buyback 1,02,50,000 fully paid up equity shares of the company of face value of Rs.2 each, at a price of Rs.80 from all the eligible shareholders of the company, holding equity shares on the record date March 23, 2018.

Further, the buyback offer will open on April 16, 2018 and will close on April 27,2018.

Read EquityPandit’s Technical Analysis of Nifty Pharma Outlook for the Week 

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