Balrampur Chini Buyback 2022 announced on 09 November 2022. The Balrampur Chini buyback to start from 16 November 2022 and closes on 15 May 2023. The Company will do Buyback with equity of 40,40,000 Equity Shares around -% of Face Value ₹1/ Each Fully paid off at a Price Of ₹360/- Per Equity. The size of this Buyback is about ₹145.44 Crores. And this will be done through a Buyback Open Market.
Balrampur Chini Mills Limited (BCML) is one of the largest integrated sugar companies in India. The allied businesses of the Company comprise distillery operations and cogeneration of power. BCML is one of the most efficient integrated sugar producers in the country.
| Read also:- Share Buyback List 2022 |
The Company has grown its capacity by well-planned capacity expansion projects and the acquisition of existing companies over recent years. Balrampur Chini has 10 sugar factories located in Uttar Pradesh, having an aggregate crushing capacity of 77,500 tons per day, distillery capacity of 560KL per day and saleable co-generation capacity of 175.7 megawatts.
Necessity of the Issue :
- Optimize returns to shareholders.
- Enhance overall shareholders value.
- Optimize the capital structure.
Balrampur Chini Buyback 2022 Offer Details:
| Event Name | Details |
| Buyback Type | Open Market |
| Buyback Record Date | O/M |
| Buyback Offer Amount | ₹145.44 Cr |
| Date of Board Meeting approving the proposal | 09 November 2022 |
| Date of Public Announcement | 09 November 2022 |
| Buyback Offer Size | -% |
| Buyback Number of Shares | 40,40,000 |
| Listing | NSE, BSE |
| Face Value | ₹1/- |
| Buyback Price | ₹360/- per share. |
Balrampur Chini Buyback 2022 Dates :
We have covered all important dates related to “Balrampur Chini Buyback 2022” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 09 Nov 2022 |
| Buyback Approval date | 09 Nov 2022 |
| Public Announcement Date | 09 Nov 2022 |
| Buyback Record Date | O/M |
| Buyback Opening Date | 16 November 2022 |
| Buyback Closing Date | 15 May 2023 |
Balrampur Chini Limited Financial Report (in Cr) :
| Year | Revenue | Expense | PAT |
| 2022 | ₹4,846 | ₹4,139 | ₹465.00 |
| 2021 | ₹4,812 | ₹4,098 | ₹480.00 |
| 2020 | ₹4,741 | ₹4,059 | ₹519.00 |
Quick Link :
■ Publication Letter
■ Letter of Offer
■ Application Form
Registrar of The Buyback :
KFin Technologies Limited
Selenium Tower- B, Plot No 31 & 32 Gachibowli,
Financial District Nanakramguda,
Serilingampally, Hyderabad,
Telangana – 500032
Toll Free Number: 18003094001
Tel: 91 40 6716 2222
Fax: 91 40 343 1551
Email: [email protected]
Website: www.kfintech.com
Manager of The Buyback :
Axis Capital Limited
1st Floor, Axis House
C-2 Wadia International Centre,
P. B. Marg, Worli Mumbai – 400 025,
Maharashtra, India
Tel.: +91 22 4325 2183
Fax: +91 22 4325 3000
Email: [email protected]
Website: www.axiscapital.co.in
Company Address :
Balrampur Chini Mills Limited
FMC Fortuna, 2nd Floor,
234/3A, A.J.C. Bose Road,
Kolkata – 700 020
Tel. +91 33 2287 4749,
Fax No.: +91 33 2287 3083
E-mail: [email protected]
Website: www.chini.com
How to Participate in Balrampur Chini Ltd buyback?
The Investors are eligible for the buyback scheme who have Balrampur Chini shares in their Demat account as the Record date is Not Declare as the offer is Open Market. Investors can participate in the Balrampur Chini Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Balrampur Chini buyback scheme.
How to apply for Balrampur Chini buyback zerodha?
You can apply for the buyback, follow the steps below:
- Visit console.zerodha.com.
- Click on the context menu and then Portfolio.
- Click on Corporate actions.
- Click the Buybacks tab, tap on Balrampur Chini and then Place order.
- Enter the quantity and tap on Submit.
How to apply for Balrampur Chini buyback on Groww?
You can apply for the buyback, follow the few steps below: This feature not applicable on Groww App only available on Groww Website.
- Visit the official Groww website.
- Search Balrampur Chini Buyback in the search option.
- You can see Balrampur Chini buyback result in search option tap on the Balrampur Chini buyback.
- You will reach the Balrampur Chini buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for Balrampur Chini buyback on upstox?
You can apply for the buyback, follow the few steps below:
- Login to the Upstox app using your 6-digit PIN or biometrics.
- Click on the Account Section on your right bottom corner (Applicable New upstox app).
- Click ‘Account’, then ‘Corporate actions’ and then Buyback / Delisting/ Takeover.
- Select the Balrampur Chini stock for buyback.
- Enter the quantity and click on apply.
- If you have submitted your POA, then the buyback will be confirmed.
How to apply for Balrampur Chini buyback online Kfintech?
You can apply for the buyback from Kfintech, follow the few steps below:
- Click the official Link. https://kosmic.kfintech.com/karisma/buybackofferv2.aspx
- Select your stock in drop down menu.
- Choose your holding Type and fill your details.
- Enter the security code in the security box.
- Click Submit button.
| Read also:- Rights issue 2022 |
Balrampur Chini Buyback 2022 FAQs:
When is Balrampur Chini Buyback Announcement Date?
Balrampur Chini buyback 2022 announcement date is 09 November 2022.
When is Balrampur Chini Buyback Open Date?
Balrampur Chini buyback Open date is 16 November 2022.
When is Balrampur Chini Buyback Close Date?
Balrampur Chini buyback Close date is 15 May 2023.
When is Balrampur Chini Buyback Record Date?
Balrampur Chini buyback 2022 Record date is Not Declare as the offer is Open market.
What is Balrampur Chini Buyback Price?
Balrampur Chini company has fixed the price at ₹360 per share.
What is Balrampur Chini Buyback Offer Size?
Balrampur Chini company Buyback Offer Size is ₹145.44 Cr.
How to apply for Balrampur Chini Buyback 2022?
As per the record date you need to have Balrampur Chini shares in your Demat account. You can participate in buyback after having the stock in your account.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.