What to watch. Ajanta Pharma: Buyback opens today

The ₹100-crore buyback offer from Ajanta Pharma will open for subscription on Thursday and close on March 14. It plans to buy back 7.69 lakh shares (representing 0.87 per cent of its total paid-up equity capital) at ₹1,300 a share. Shareholders whose names had appeared on its record books on February 12 (record date) are eligible to participate in the buyback, being done via the tender offer route. Certain members of the promoter group are willing to participate in the buyback.