A host of companies, including Godrej Consumer Products Ltd, Ipca Laboratories and Amrutanjan Ltd, have lined up buy-back offers amidst a sell-off by foreign investors that has led to a mayhem on the domestic stock markets.

Godrej Consumer products has offered to buy back up to 17,203,533 of its fully paid-up equity shares, of the face value Re1 each, from existing shareholders through the open market route, at a price not exceeding Rs150 per equity share, for an aggregate amount not exceeding Rs14.90 crore.

The buyback offer for 9.99 per cent of the company's total paid-up equity capital and free reserves as of 31 March 2008, would open on 4 December 2008 and close on 24 November 2009, the company said in a filing with the Bombay Stock Exchange.
 
Ipca Laboratories , through Imperial Corporate Finance & Services Pvt. Ltd, managers to the buy-back, has offered to buy back its fully paid-up equity shares of the face value of Rs10 each from the open market from the NSE and the BSE, subject to regulatory clearances.

The buy-back would be made at a maximum price not exceeding Rs600 per equity share payable in cash, for an aggregate amount of up to Rs60 crore.

The offer size represents less than 10 per cent of the company's total paid-up capital and free reserves as of 31 March 2008, which stood at Rs604.68 crore.

Amrutanjan Healthcare Ltd (formerly Amrutanjan Ltd), which made the buy-back offer through Indbank Merchant Banking Services Ltd,  managers to the buy-back, has offered to buy back its fully paid-up equity shares of the face value Rs10 each, at a price not exceeding Rs450 a share, for an aggregate of Rs6.36 crore, from the existing owners of the equity shares through open market purchases.

The offer price represents a 91 per cent premium to the 52 week low of Rs235 as of 24 March 2008 and a discount of approximately 33 per cent to the 52-week high of Rs674.00 as of 11 June 2007.

The offer size represents 25 per cent of the total paid-up equity capital and free reserves of the company as of 31 March 2008.