Amrutanjan Health Care today said it has fixed Rs 900 per share as the price for its buyback offer for equity shares.
"The buy-back committee at its meeting held on May 6, 2011, fixed the buyback price at Rs 900 per equity share," Amrutanjan Health Care said in a filling to the Bombay Stock Exchange (BSE).
The company said based on the resolution passed by its board of directors at its meeting held on May 3, 2011, a committee of directors -- buy-back committee -- was constituted to fix the price.
The firm had said the buyback shall not exceed 10% of the paid-up share capital.
The firm has not yet announced details regarding timeline for the opening and closing of the share buyback.
Shares of Amrutanjan Healthcare closed at Rs 708.45 on the BSE, down 2.79% from the previous close.