Zydus Lifesciences Limited has announced an amendment to its previously submitted Letter of Offer (LOF) concerning its share buyback program. The revision specifically pertains to paragraph 19.5.4 of the LOF. The company has enclosed a copy of the revised LOF, confirming that all other terms and conditions of the buyback remain unchanged. The buyback, initiated in accordance with SEBI regulations, aims to repurchase up to 87,30,158 equity shares at a price of INR 1,260/- per share.
Revised Share Buyback Offer Details
Zydus Lifesciences Limited has officially communicated a revision to its ongoing share buyback program. The company has updated a specific section of its Letter of Offer (LOF), namely paragraph 19.5.4. This amendment was detailed in a communication dated June 1, 2026, addressed to the BSE Limited and the National Stock Exchange of India Limited. The firm has provided an updated version of the LOF, which is enclosed with this announcement, ensuring all stakeholders are aware of the modification.
Buyback Program Overview
The buyback program, initially announced to repurchase up to 87,30,158 fully paid-up equity shares of the company, represents approximately 0.87% of the total paid-up equity share capital. The buyback price is set at INR 1,260/- per equity share, payable in cash. The total aggregate amount for the buyback is capped at INR 1100,00,00,000/- (Indian Rupees One Thousand One Hundred Crore only). The buyback is being conducted on a proportionate basis through the tender offer route, as per the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018.
No Change in Other Terms
Zydus Lifesciences Limited emphasized that apart from the revision to paragraph 19.5.4, all other terms and conditions stipulated in the original Letter of Offer remain unchanged. The company is proceeding with the dispatch of the buyback offer to its shareholders, adhering to all applicable regulations and laws.
Key Dates
The buyback is scheduled to open on Thursday, June 4, 2026, and will close on Wednesday, June 10, 2026. The last date for the receipt of completed tender forms and other specified documents by the Registrar is also Wednesday, June 10, 2026.
Source: BSE
