SMS Pharma Makes Buy-Back Offer

SMS Pharmaceuticals Ltd., through Centrum Capital Ltd., made an offer for buy-back of its equity shares of Rs.10 each, subject to a maximum number of 15.50 lakh shares or 15.48 percent voting rights or minimum shares of 3.88 lakh shares, at a price of Rs.300 apiece from Open Market through Stock Exchanges.

The date of opening and last date of the buy-back is May 20, 2013, and May 03, 2014, respectively.

At the BSE, SMS Pharmaceuticals shares are currently trading at Rs.238.45, up 8.39 percent from the previous close.

by RTTNews Staff Writer

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