Asahi Songwon Colors Buyback 2022 announced on 19 May 2022. The Asahi Songwon Colors buyback to start from 22 June 2022 and closes on 05 July 2022. The Company will do Buyback with equity of 2,40,000 Equity Shares around 2.00% of Face Value ₹10 Each Fully paid off at a Price Of ₹400/- Per Equity. The size of this Buyback is about ₹9.60 Crores. And this will be done through a Buyback Tender Offer.
Asahi Songwon Colors Limited is engaged in manufacturing & export of color pigments (adding colour to everything around us, namely ink, paints, plastics, textiles, rubber etc.) and its derivatives. Asahi Songwon Colors Ltd. is a leading player in the Indian Pigment industry and intends to become a leading manufacturer of pigments around the world. The company is in the manufacturing of CPC Beta Blue and Blue Crude, exporting substantial production to leading MNCs around the world on account of quality of its products.
ASCL aims to become a market leader in the pigment industry. With this view in the backdrop, The company’s principal manufacturing facilities at Padra (Vadodara), manufacturing CPC Blue Crude and Beta Blue pigment has an installed capacity of 11400 tonnes per annum. The company is in the process of adding new products in its basket in future.
| Read also:- Share Buyback List 2022 |
Necessity of the Issue :
- Improving the return on equity, by reduction in the equity base, thereby leading to long term increase in Equity Shareholders’ value.
- Helping the Company to distribute surplus cash to its Equity Shareholders, broadly in proportion to their shareholding, thereby, enhancing the overall return to the Equity Shareholders
Asahi Songwon Colors Buyback 2022 Offer Details:
| Event Name | Details |
| Buyback Type | Tender offer |
| Buyback Record Date | 03 June 2022 |
| Buyback Offer Amount | ₹9.60 Cr |
| Date of Board Meeting approving the proposal | 19 May 2022 |
| Date of Public Announcement | 21 May 2022 |
| Buyback Offer Size | 2.00% |
| Buyback Number of Shares | 2,40,000 |
| Listing | NSE, BSE |
| Face Value | ₹10/- Rs. |
| Buyback Price | ₹400/- per share. |
Asahi Songwon Colors Buyback 2022 Dates :
We have covered all important dates related to “Asahi Songwon Colors Buyback 2022” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 19 May 2022 |
| Buyback Approval date | 19 May 2022 |
| Public Announcement Date | 21 May 2022 |
| Buyback Record Date | 03 June 2022 |
| Buyback Opening Date | 22 June 2022 |
| Buyback Closing Date | 05 July 2022 |
Asahi Songwon Colors Limited Financial Report (in lakh) :
| Year | Revenue | Expense | PAT |
| 2022 | ₹41,626.44 | ₹37,870.07 | ₹1,465.07 |
| 2021 | ₹28,339.04 | ₹23,356.86 | ₹3,194.62 |
| 2020 | ₹28,442.40 | ₹24,924.13 | ₹2,282.63 |
Quick Link :
■ Publication Letter
■ Letter of Offer
■ Application Form
Registrar of The Buyback :
LinkIintime Inida Private Limited
C-101, 1st Floor, 247 Park,
Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400083,
Maharashtra, India
Tel: +91 22 4918 6200
Fax: +91-22-4918 6195
Email: [email protected]
Website: www.linkintime.co.in
Manager of The Buyback :
Systematix Corporate Services Limited
The Capital, A Wing, 603-606, 6th Floor,
Plot No. C-70, G Block, Bandra Kurla Complex,
Bandra (East), Mumbai – 400 051,
Maharashtra, India.
Tel: +91-22-6704 8000
Fax: +91-22-6704 8022
Email: [email protected]
Website: www.systematixgroup.in
Company Address :
Asahi Songwon Colors Limited
“Asahi House” 13, Aaryans Corporate Park,
Near Shilaj Railway Crossing,
Thaltej – Shilaj road, Thaltej, Ahmedabad, 380059
Phone: 079 6832 5000
Email: [email protected]
Website: https://www.asahisongwon.com/
How to Participate in Asahi Songwon Colors Ltd buyback?
The Investors are eligible for the buyback scheme who have Asahi Songwon Colors shares in their Demat account as the Record date is 03 June 2022 as the offer is Tender offer. Investors can participate in the Asahi Songwon Colors 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 Asahi Songwon Colors buyback scheme.
How to apply for Asahi Songwon Colors 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 Asahi Songwon Colors and then Place order.
- Enter the quantity and tap on Submit.
How to apply for Asahi Songwon Colors 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 Asahi Songwon Colors Buyback in the search option.
- You can see Asahi Songwon Colors buyback result in search option tap on the Asahi Songwon Colors buyback.
- You will reach the Asahi Songwon Colors buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for Asahi Songwon Colors 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 Asahi Songwon Colors 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 Asahi Songwon Colors buyback online on Linkintime?
You can apply for the buyback from Linkintime, follow the few steps below:
- Visit the official Linkintime website.
- Choose Investor service Option and then click Offer buyback. (Direct Link)
- Click drag down menu and select your buyback stock.
- Enter you choose Demat DPID Or Pan Number Or Foilio Number.
- Click Submit button.
| Read also:- Rights issue 2022 |
Asahi Songwon Colors Buyback 2022 FAQs:
When is Asahi Songwon Colors Buyback Announcement Date?
Asahi Songwon Colors buyback 2022 announcement date is 17 May 2022.
When is Asahi Songwon Colors Buyback Open Date?
Asahi Songwon Colors buyback Open date is 22 June 2022
When is Asahi Songwon Colors Buyback Close Date?
Asahi Songwon Colors buyback Close date is 05 July 2022
When is Asahi Songwon Colors Buyback Record Date?
Asahi Songwon Colors buyback 2022 Record date is 03 June 2022 as the offer is Tender Offer.
What is Asahi Songwon Colors Buyback Price?
Asahi Songwon Colors company has fixed the price at ₹400 per share.
What is Asahi Songwon Colors Buyback Offer Size?
Asahi Songwon Colors company Buyback Offer Size is ₹9.60 Cr.
How to apply for Asahi Songwon Colors Buyback 2022?
As per the record date you need to have Asahi Songwon Colors 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.