AksharChem India Buyback 2021 Record Date, Buyback Price & Details

AksharChem India Buyback

AksharChem India Buyback 2021 announced on 02 November 2021. The AksharChem India buyback to start from 08 December 2021 to 21 December 2021. The Company will do Buyback with equity of 1,69,491 Equity Shares around 2.07% of Face Value Rs. ₹10/ Each Fully paid off at a Price Of Rs. ₹590/- Per Equity. The size of this Buyback is about ₹10 Crores. And this will be done through a Buyback Tender Offer.

Aksharchem, We chose to be environment friendly chemicals company. We have facility for Zero Liquid Discharge. Which we practice to provide best quality products to the world with keeping in mind of environment and therefore today we are doing turn over of Rs. 187.7 Cr. Compare to Rs. 2.68 Cr. In 1993-94.

Key Point – • We are one of the fastest growing vinyl sulphone manufracturers in india.
• Today we are India’s Leading exporters of vinyl sulphone.
• Today we are one of the most trusted and reputed vinyl sulphone suppliers to the world’s leading chemical companies.
• Today, we are one of the most environment friendly chemical companies across the globe.

Read also:- Share Buyback List 2021

Strengths – • Strengthening product quality.
• Widening product portfolio.
• Spreading to new regions.
• Delighting customers.

AksharChem India buyback 2021 Offer Details:

Event NameDetails
Buyback TypeTender Offer
Buyback Record Date12 November
Buyback Offer Amount10 Cr
Date of Board Meeting approving the proposal02 November 2021
Date of Public Announcement02 November 2021
Buyback Offer Size2.07%
Buyback Number of Shares1,69,491
Price TypeTender Offer
Face Value ₹10/- Rs.
Buyback Price ₹590/- per share.
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AksharChem India Buyback 2021 Important Dates

We have covered all important dates related to “AksharChem India Buyback 2021” Buyback Activity Dates are updated as they are announced.

Buyback ActivityDates
Board Meeting for Buyback proposal29 October 2021
Buyback Approval date29 October 2021
Public Announcement Date02 November 2021
Buyback Record Date12 November 2021
Buyback Opening Date08 December 2021
Buyback Closing Date21 December 2021

Details Of The Buyback Offer and Offer Price :

The Board of Directors of AksharChem (India) Limited (hereinafter referred to as the “Board” which term shall be deemed to include any committee constituted by Board to exercise its powers), at their meeting held on October 29, 2021.

The Board or any person authorised by the Board, approved the Buy-back of upto 1,69,491 (One Lakh Sixty Nine Thousand Four Hundred Ninety One) fully paid up equity shares of face value of ₹10/- each (“Equity Shares”) (representing 2.07% of total number of Equity Shares of the Company) at a price of ₹590/- (Rupees Five Hundred Ninety Only) per Equity Share (the “Buy-back Price”) payable in cash for an aggregate amount not exceeding ₹9,99,99,690/- (Rupees Nine Crores Ninety Nine Lakhs Ninety Nine Thousand Six Hundred Ninety only) excluding costs such as fees, brokerage, buy-back tax, securities transaction tax, goods and services tax, stamp duty, etc., (the “Transaction Cost”) (the “Buyback Size”).

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Which represents 3.60% of the total paid-up equity share capital and free reserves (including securities premium account) as per the audited financial statements of the Company as on March 31, 2021, on a proportionate basis through the tender offer route using stock exchange mechanism (“Tender Offer”) as prescribed under the Buy-back Regulations, from all the equity shareholders / beneficial owners of the Equity Shares of the Company including promoters, members of promoter group and persons acting in concert of the Company who hold Equity Shares as on the record date i.e., Friday, November 12, 2021 (“Record Date”) (“Buy-back Offer”/ “Buy-back”).

Upstox Referal

Buyback Public Announcement Link :

Letter Of Offer

Registrar of The Buyback :

Link Intime India Private Limited
Address: C 101, 1st Floor, 247 Park,
L B S Marg, Vikhroli West,
Mumbai – 400 083, Maharashtra, India.
Tel. No.: +91 22 4918 6200
Fax: + 91 22 4918 6195
Email: [email protected];
Website: www.linkintime.co.in

Manager of The Buyback :

Vivro Financial Services Private Limited
Address: Vivro House, 11 Shashi Colony,
Opp Suvidha Shopping
Center, Paldi, Ahmedabad – 380007,
Gujarat, India.
Tel.: +91-79-4040 4242
E-mail: [email protected];
Website: www.vivro.net

Company Address :

Aksharchem (INDIA) Limited
“Akshar House”, Chhatral – Kadi Road,
Indrad, Mahesana – 382715,
Gujarat, India.
Phone: +91-2764 233 007-10
Fax: +91-2764 233 550
Email: [email protected]
Website: www.aksharchemindia.com

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How to Participate in AksharChem India Ltd buyback?

The Investors are eligible for the buyback scheme who have AksharChem India shares in their Demat account as the Record date 12 November 2021 the offer is Tender Offer. Investors can participate in the AksharChem India Buyback 2021 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 AksharChem India buyback scheme.

Read also:- Rights issue 2021

AksharChem India Buyback 2021 FAQs:

When is AksharChem India Buyback Announcement Date?
AksharChem India buyback 2021 announcement date is 02 November 2021.

When is AksharChem India Buyback Open Date?
AksharChem India buyback Open date is 08 December 2021.

When is AksharChem India Buyback Close Date?
AksharChem India buyback Close date is 21 December 2021.

When is AksharChem India Buyback Record Date?
AksharChem India buyback 2021 Record date is 12 November 2021.

What is AksharChem India Buyback Price?
AksharChem India company has fixed the price at ₹590 per share.

What is AksharChem India Buyback Offer Size?
AksharChem India company Buyback Offer Size is ₹10 Cr.

How to apply for AksharChem India Buyback 2021?
As per the record date you need to have AksharChem India shares in your Demat account. You can participate in buyback after having the stock in your account.

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AksharChem India Buyback 2021 Record Date, Buyback Price & Details
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