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Sun Pharma to buy back shares worth Rs 675 cr

Sun Pharma to buy back shares worth Rs 675 cr

Sun Pharma on June 23 said it will buy back shares worth Rs 675 crore to return surplus funds to its shareholders

Sun Pharma on June 23 said it will buy back shares worth Rs 675 crore to return surplus funds to its shareholders. "The Board of Directors of the company at its meeting held on June 23, 2016 approved the buyback of its fully paid up equity shares.

The buyback is being undertaken by the company to return surplus funds to the equity shareholders and thereby, enhancing the overall returns to shareholders," Sun Pharma said in a statement. The maximum number of fully paid up equity shares to be bought back will be 7.5 million at Rs 900 for each fully paid equity share payable in cash, it added.

As per Sebi guidelines, 15 percent of the buyback offer is reserved for shareholders holding equity shares having market value of not more than Rs 2,00,000 as on the record date. The record date for buyback has been set for July 15, 2016. "The promoters of the company have indicated their intention to participate in the proposed buyback in such a manner that their aggregate shareholding percentage in the company will not fall below their current aggregate percentage shareholding," it said.

The announcement came after the market closed for the day. Shares of the company closed at Rs 751.70 apiece, up 1.59 percent from the previous close on BSE. Sun Pharma is the world's fifth largest specialty generic pharmaceutical company and its products are available in over 150 countries. Its global presence is supported by 47 manufacturing facilities.

Its consolidated revenues for 12 months ending March 2016 stood at about USD 4.3 billion, of which US contributed USD 2.1 billion. Sun Pharma Adv stock price On June 23, 2016, Sun Pharma Advanced Research Company closed at Rs 296.65, up Rs 12.00, or 4.22 percent. The 52-week high of the share was Rs 446.84 and the 52-week low was Rs 245.10.

The latest book value of the company is Rs 14.17 per share. At current value, the price-to-book value of the company was 20.94.

 

2017-01-04 15:27:21

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2017-01-04 20:51:42

This all sounds like a ‘three on the tree’ HR ute. I say fang the bugger and hope for the best, but remember that the synchro on 2nd is rooted and you have to double shuffle on the change down.

2017-01-04 21:11:40

I just turned 41 and met the love of my life late. He is also 41. My FSH is 23, and the doc told us today that there was nothing she could do for us. ( with the exception of possibly one round of Clomid) We are devastated. My sister is 37 and is 5 months pregnant as of yesterday. Her second child. This is a new feeling for me. It is horrid. We will not give up and go back to the old basal temp pattern. It helps very much to hear from people out there that we are not alone. We have only tried to get pregnant for 4 months……

2017-01-04 21:48:31

, Just out of curiosity, have you done Pilates before? The Wunda Chair was invented by Joseph Pilates for Gymnasts. Go to your local Pilates studio and see if you can do a work out on it. It’s difficult and forces you to pull everything in, otherwise, you would fly off! Yoga and Pilates are from two different schools of thoughts on how to use the belly. Big difference in fact! And it seems like the video was slowed down purposely so that people could follow along.

2017-01-04 23:25:01

“Divine love has always met and wil always meet every human need”. This shows that we can place radical reliance on God irrespective of circumstances.  |  

2017-01-04 23:25:52

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2017-01-04 23:57:50

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2017-01-05 00:45:27

Il sed in questo caso prende il nome del file che è stato passato allo script e ne toglie l'estensione .gpg. o meglio la sostituisce con niente per essere precisi.

2017-01-05 01:08:06

Querida Merari, gracias por compartir este escrito que no solamente es bello sino la verdad pura, porque todo eso ha sido nuestra amada tía Lita, pues también en mi tía, gracias a Dios y aunque sé que ya ella no va a poder entender esta belleza de escrito, los que la hemos conocido nos gozamos y le damos la gloria a Dios por esta vida tan preciosa, dedicada a su servicio. Te quiero.

2017-01-05 02:08:27

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2017-01-05 03:06:33

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2017-01-05 03:46:33

that coffee is evil. Don’t you think that is a little extreme? A lot of things on this earth are not good for you, but are not evil. Didn’t GOD make the earth? Anyway, I have yet to find a replacement for coffee. Any ideas? I am probably going to give this a try and I will let you know. Oh, if your going to bash me…That isn’t very Christian like.Newby

2017-01-05 04:07:54

I thank you humbly for sharing your wisdom JJWY

2017-01-25 07:25:38

If you worry about it, you’re halfway there – the willingness to listen (both to your horse and your gut) is an essential part. Yes, it’s incredibly scary at times – so much responsibility – but so is having kids and most people manage just fine after a period of frantic adjustment.Go for the riding lessons. Riding is tremendous fun.

2017-01-25 07:30:39

indymac | March 13, 2011 at 4:06 pm |jacqlynsmith | March 13, 2011 at 3:58 pm |“indySCHMUCK…..you have been addressed…”See that’s not how a debate is supposed to work. You don’t address the debater with stupid names, you address the points he’s made. I can see the only point you make is the one on your head (dunce-cap).~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~You have not given me a reason to debate you…….YOU have NO credibility that I see….discussion OVER!

2017-01-25 10:05:18

non merci je prefere quand meme le Marais…on s’y marre plus…Neuilly, c’est un peu la morgue…de toutes facons, je n’en ai plus pour tres longtemps…

2017-01-25 10:25:26

Wow, a Viet woman who is NOT a hooker. Congrats to this lady. She doesnt have to work in tanning salon or massage parlour to feed her kids. Good for her. She 1 in a million in Little Saigon. Good for her.

2017-01-25 14:23:34

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2017-01-25 15:42:01

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2017-01-25 17:50:05

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2017-01-25 18:14:37

Roderick 1:27 AMNice smackdown on KKKaren who seems to be back with her "I won't walk on eggshells with you blacks" routine.Hey LAA and FP just for the record....Karen is a Polar-Bearilla with no man.

2017-01-25 18:30:34

I upgraded phpmyadmin like Luca suggested, now i don’t have permission to access phpmyadmin when i start it from wamp. I checked and username and password are ok. Any suggestions?

2017-01-25 18:48:33

This is all great stuff but….Does anyone happen to know where to get a sustainable supply of CO2 free, non radioactive, non toxic energy today?

2017-01-25 19:52:33

im pretty sure the art style is based off the comics, and the only ppl who dont like this game r 9 year olds on Cod, im glad i found a game that keeps most of the kids or immature ones out… (except for fukn pewdiepie)

2017-01-25 19:57:13

An answer from an expert! Thanks for contributing.

2017-01-25 20:15:54

Όμορφη τοποθέτηση και σαφώς εκφράζει μεγάλο μέρος των αναγνωστών. Το ερώτημα που τίθεται είναι: Πώς θα εκφράζονταν πολιτικά αυτοί οι αναγνώστ

2017-01-25 21:56:53

My goodness. You’re even good when you’re sick.And I don’t think I’ve had tapioca since…well…I don’t know. It’s been a long time though.Sure hope you’re feeling better soon. Hate to hear it’s been rough, but at least you have your tapioca, right?=)Carrie’s last awesome post…

2017-01-25 22:11:35

Kapal ng mukha nitong si willie, sinasamantala niya ang kahirapan at pangangailangan ng mga audience, bibigyan n’ya ng 500 pag sinabing guwapo siya. Parang pulitikong namimili ng boto.

2017-01-25 22:56:27

This post just makes me wish more young girls knew more about the option of adoption. There are so many people who want a child really bad, but can’t get pregnant. And there are so many people who don’t want a child but are pregnant. It is so out of balance, but adoption is such a good alternative to abortion. If abortion providers really cared about girls, they would advocate adoption.

2017-01-26 00:27:03

rysielec: prosty sposób, który działa mi przez całe życie. Nie pij, nie pal i od razu więcej kasy w kieszeni. Tak przetrwałem cały ogólniak. Teraz dzięki temu też mam nadwyżki :)

2017-01-26 01:01:15

Hey there this is kind of of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding expertise so I wanted to get guidance from someone with experience. Any help would be greatly appreciated!

2017-01-26 01:18:39

hanzo 0  0runtergefallen… in die Hose gesteckt?! ne is klar. Da will wohl einer die Beziehung zu seinen neuen Freunden nicht gefährden.aber Albaner sind halt kriminell…

2017-01-26 01:39:04

Petra, måste börja m att tacka för en superhärlig blogg!! Alltid inspirerande o härlig. Tänkte be dig om lite tips. Ska beställa lite Odd Molly prespring 13. Kan du inte plocka ut dina favoriter o färger. Vore såå tacksam för tips. Tack snälla på förhand!kram Stina

2017-01-26 03:17:14

16/04/2010 - 10:24pmY Kameni y Albiol se quedan sin sanción….. …está claro que el comité de competición solo existe para beneficiar al Madrid. Pero claro, esto no lo publicarán en Marca, esto no interesa que entere la gente…

2017-01-26 05:21:09

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2017-01-26 12:04:25

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2017-02-07 05:59:42

jeg simpelthen ELSKER hendes hjem. Dejligt mix af farver og ting alle vegne, I like. Dejligt med en personlig stil og at man kan se der rent faktisk BOR nogen der.

2017-02-17 21:50:18

Wow! Great to find a post with such a clear message!

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