FDC has announced that it has bought back 50,87,343 equity shares under the buy-back offer which closed on August 16, 2013. After the completion of buy-back offer, the promoters' shareholding increased to 68.89 per cent as against 66.97 per cent before commencement of buy-back offer on September 3, 2012. The company has utilised Rs.46.51 crore for buy back of shares which worked out to 81.40 per cent of the maximum offer shares pursuant to the buy-back offer..
The average price at which the shares were bought backs worked out to Rs.91.43. The highest price of share were bought back was Rs.97.30 per share while the lowest price was Rs.83 per share. Currently, FDC share is moving at Rs.83 on BSE.