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Piramal Healthcare buys back shares worth Rs2,508 cr

Piramal Healthcare buys back shares worth Rs2,508 cr
PTI
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First Published: Thu, Mar 31 2011. 07 02 PM IST
Updated: Thu, Mar 31 2011. 07 02 PM IST
New Delhi: Piramal Healthcare on Thursday said it has completed buyback of 4.18 crore shares worth over Rs2,508 crore.
The company’s buyback offer began on 3 March and ended on 24 March.
“The buyback constitutes 20% of the issued, subscribed and paid-up equity share capital of the company as on September 30 2010,” the firm said in a filing to the Bombay Stock Exchange.
Piramal had offered to buy 4.18 crore outstanding shares at a price of Rs600 each. The total purchase is valued at around Rs2,508.16 crore.
The buyback offer was originally scheduled to start on 17 January and close on 7 February.
Shares of the company closed at Rs416.90, down over 3% on BSE.
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First Published: Thu, Mar 31 2011. 07 02 PM IST