Amrutanjan Health Care Ltd, a Rs 75 crore Chennai-based ayurvedic and allopathic products manufacturing company, has completed the open offer for buy-back of 1.70 lakh equity shares of Rs 10 each at a average price of Rs 374.30 per share on April 3, 2009 for a total consideration of Rs 6.36 crore. The buyback size represents 25 per cent of the aggregate of the company's paid-up equity share capital. This offer was commenced on December 24, 2008. Currently the scrip is moving around Rs 345-350 on the Bombay Stock Exchange.
With this buyback of shares, Amrutanjan's equity capital reduced to Rs 3.03 crore from Rs 3.20 crore. The promoters are now holding 47.33 per cent stake in the company and Indian public at 45.78 per cent.