Dhanuka Agritech fixes buyback price of Rs 1000 per share

Capital Market 

Buyback size is Rs 100 crore

The Buyback Committee of Board of Dhanuka Agritech at its meeting held on 16 September 2020 has approved the following -

Buy Back of not exceeding 10,00,000 Equity Shares at a final Buy Back price of Rs 1,000 per Equity Share payable in cash for an aggregate amount not exceeding Rs 100 crore, excluding any expenses incurred or to be incurred for the Buy Back.

Fixed 28 September 2020 as the Record Date for the purpose of determining the entitlement and the names of Equity Shareholders who are eligible to participate in the Buy Back.

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First Published: Wed, September 16 2020. 17:08 IST
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Dhanuka Agritech fixes buyback price of Rs 1000 per share

MoH&FW has placed order with Bharat Electronics for 30,000 ICU ventilators: Ashwini Kumar Choubey - Express Healthcare
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Home  »  News  »  MoH&FW has placed order with Bharat Electronics for 30,000 ICU ventilators: Ashwini Kumar Choubey

MoH&FW has placed order with Bharat Electronics for 30,000 ICU ventilators: Ashwini Kumar Choubey

PM Cares Fund has released Rs 898.93 crores for ventilators, Rs 2000 crores have been earmarked for Made in India ventilators to fight the pandemic

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The Central Government has released Rs 898.93 crores from the Prime Minister Cares fund towards the provision of ventilators. And so far, 32,109 ventilators have been allocated to various states and a total 20,916 ventilators have been installed at government hospitals across the country, informed Ashwini Kumar Choubey, Minister of State, Ministry of Health and Family Welfare. He was addressing a query raised by the upper house member Rajiv Satav in the Rajya Sabha.

He also informed that the Ministry of Health and Family Welfare (MoHFW) has placed an order for supply, installation and commissioning of 30,000 ICU Ventilators with Bharat Electronics, a public sector enterprise of the Ministry of Defense.

Earlier, the Union Government had informed that Rs 2000 crores have been earmarked for the supply of Made in India ventilators to fight the pandemic.

Choubey also informed that the Ministry has instructed the States/ Union Territories to indicate the number of ventilators required respectively, so that the same can be supplied.

Maharashtra leads the list with 4434 allocated and 3131 installed ventilators followed by Andhra Pradesh (allocated – 3960 and installed -3648), Gujarat (allocated – 2500 and installed -2329) and Uttar Pradesh (allocated – 2000 and installed -1233).

He informed that other states have also received an allocation for the ventilators based on the surge of COVID-19 cases and after assessing their requirements. The Union Government has allocated a total of 2894 ventilators for central institutions and 871 have been already installed in those facilities.

All the States are going to be equally benefitted as the ventilators are being allocated to states based on the number of cases, the trend of the pandemic and the requirement posed by the States, he assured.

Recently, concerns have been raised by the opposition and activists regarding the procurement of essential medical equipment with funds allocated through the PM Cares Fund. An RTI response to activist Anjali Bhardwaj who had applied for details of hospitals run by the Centre which have been allocated money or supplied ventilators through the PM CARES Funds, revealed wide variation in the price of ventilators procured from different companies, as per reports.

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Dhanuka Agritech fixes buyback price of Rs 1000 per share

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Dhanuka Agritech fixes buyback price of Rs 1000 per share