Business
FDC surges 8% as board to consider share buyback proposal
Shares of FDC surged 8% to Rs 319 on the BSE in intraday trade on Monday after the company said its board would meet on February 9, 2022 to consider a proposal to buy back the company’s stake through a takeover bid route.
At 9.26am; shares of the pharmaceutical company were up 7% at Rs 314.75, while the S&P BSE Sensex was down 0.5%. The stock has fallen 14% over the past six months, while the benchmark index has gained 8%. It has fallen 21 percent from a 52-week high of Rs 404.90 touched on June 15, 2021.
A buyback is a corporate action in which a company buys back its shares from existing shareholders, usually at a premium to the market price. The main goal of a share repurchase program is to stop the decline in a stock’s value by reducing the supply of shares, which essentially drives the stock price higher through a better price-to-earnings (P/E) multiple.
In a tender offer, shareholders can choose to submit (or bid) some or all of their shares for a certain time frame at a price above the current market price, a premium that compensates investors for bidding on their shares rather than holding them.
Meanwhile, in a separate regulatory filing, the FDC announced that the company’s Oral Solid Dose Plant in Goa has obtained a Good Manufacturing Practice (GMP) certificate and continues to receive Malaysia’s PICs – NPRA (National Pharmaceutical Regulatory Agency) approval status.
Complete News Source : Business Standard
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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