Zydus Lifesciences Limited (NSEI:ZYDUSLIFE) announces a share repurchase program. Under the program, the company will repurchase up to 95,65,217 shares, representing 0.95% of its issued share capital for a total of INR 11,000 million. The shares will be repurchased for a price of INR 1,150 per share. The company shall implement the buyback out of its securities premium account, and/or free reserves, and/or such other sources as may be permitted by law. The purpose of the buyback is distributing surplus cash, optimizing return to shareholders and enhancing long term shareholder value and improving return on equity. The company has fixed May 29, 2026, as the record date for the offer. The program will close on June 10, 2026. As of May 15, 2026, the company had 1,006,233,990 issued and outstanding shares.
On May 27, 2026, the company has changed it's plan term number of shares to 8,730,158 shares, representing 0.87% of it's issued share capital and increased it's purchase price to INR 1,260 per share.
Zydus Lifesciences Limited is an India-based life-sciences company with positions across pharmaceuticals and consumer wellness, supported by a MedTech franchise and a global footprint across United States, India and other international markets. Its pharmaceutical business includes integrated pharmaceutical operations with business encompassing the entire value chain in research, development, production, marketing and distribution of pharmaceutical products. Its product portfolio includes active pharmaceutical ingredients, human formulations, and animal health and veterinary. Its consumer products business includes development, production, marketing and distribution of differentiated health and wellness products. It provides biologicals manufacturing sites offering contract development and manufacturing organization services to biopharmaceutical companies globally. Its focused therapy areas include cardiology, anti-diabetes, super specialty areas of oncology and nephrology, and others.
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