Zydus Life has increased the buyback price
Pharma sector giant Zydus Lifesciences has taken a big decision regarding its share buyback program. The buyback committee of Zydus Life has increased the purchase price per share. Now the company will buy back shares from its investors at a huge price of ₹ 1260 per share instead of ₹ 1150. The company informed about this decision in an exchange filing after the market closed on Wednesday, May 27. This new fixed price is at a premium of about 16 percent over Wednesday’s closing price.
Price increased but number of shares reduced
The company’s buyback committee, in its meeting held on May 27, approved the price increase, but along with it also made another strategic change. Now the company will buy less number of shares from the market than before. Earlier there was a plan to buyback 95.65 lakh shares, now it has been reduced to 87.30 lakh shares. This number represents 90.87% of the paid-up share capital of the company.
However, investors do not need to worry about the decrease in the number of shares. This move of the company has not affected the overall buyback budget. The company is doing buyback of only Rs 1100 crore through tender offer route. That means the total amount will remain the same, only the money received per share will increase. The promoters of the company are also participating in this entire program.
This is the date of record date
If you also want to take advantage of this buyback, then it is important for you to note a special date in your diary. The company has fixed May 29 as the ‘record date’ to decide the eligibility for this buyback program. This simply means that only those investors who have Zydus Life shares in their demat account till May 29 will be entitled to take advantage of this increased price. On Wednesday, the company’s shares closed at ₹ 1085.95 on BSE with a slight gain of 0.65%. Compared to this closing price, the new buyback price of ₹ 1260 now looks very attractive for investors.
Heavy recovery from low level
The story of ups and downs of this stock is also very interesting. Just a few months ago, on March 2, 2026, the stock was trading at ₹835.85 on BSE, which was the lowest level in a year (52-week low) for its shares. But from there the stock gained such momentum that everyone kept watching. From its low level, this stock jumped by about 30.88% in just two months. Due to this spectacular rise, it reached the level of ₹ 1,093.95 on May 20, which is the record high level of one year for its shares.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money-related decisions.
