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Aurobindo Pharma Launches Rs 800 Crore Share Buyback
April 6, 2026 at 05:02 AMBy AlphaScalaSource: economictimes.indiatimes.com
Aurobindo Pharma has announced its first share buyback in two years, offering to repurchase shares worth Rs 800 crore from eligible shareholders.
Pharmaceutical major Aurobindo Pharma has approved a tender offer to buy back shares worth Rs 800 crore, marking its first such initiative in two years. The company will repurchase over 54 lakh equity shares at a price of Rs 1,475 per share. This offer is open to shareholders of record as of April 16, 2024. The buyback represents a strategic capital allocation move by the company. Despite recent volatility in the broader market, Aurobindo Pharma's stock has demonstrated relative strength, gaining ground during the period.