Zydus Lifesciences Increases Share Buyback Price to ₹1,260, Reduces Share Count
Zydus Lifesciences hikes share buyback price to Rs 1,260 per share, lowers share count
Image: The Economic Times
Zydus Lifesciences has raised its share buyback price to ₹1,260 per share while decreasing the total number of shares to be repurchased to 87.3 lakh. The total buyback remains capped at ₹1,100 crore, with the record date for eligibility set for May 29, 2026.
- 01The buyback price was increased from ₹1,150 to ₹1,260 per share.
- 02The number of shares to be bought back was reduced from 95.65 lakh to 87.3 lakh.
- 03The total buyback amount remains unchanged at ₹1,100 crore.
- 04Zydus Lifesciences' shares have increased by 19% over the past year, outperforming Nifty and BSE Sensex.
- 05The record date for shareholder eligibility is set for May 29, 2026.
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Zydus Lifesciences has announced a revision in its share buyback program, increasing the repurchase price to ₹1,260 per share from the previously set ₹1,150. Concurrently, the company has reduced the maximum number of shares to be repurchased to 87.3 lakh from 95.65 lakh, while maintaining the total buyback outlay at ₹1,100 crore. This buyback will be executed through a tender offer in compliance with the Securities and Exchange Board of India (Sebi) regulations. The record date to determine eligible shareholders for the buyback is set for May 29, 2026. Zydus Lifesciences has shown strong performance, reporting a 9% increase in consolidated net profit for the January-March quarter of FY26, totaling ₹1,272.5 crore. Its revenue also saw a significant rise of over 16%, reaching ₹7,587 crore during the same period. The company’s shares have performed well, gaining 19% over the past year, contrasting with negative returns from major indices like the Nifty and BSE Sensex.
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The revised buyback terms could enhance shareholder value and provide liquidity to investors.
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