Balrampur Chini Buyback 2021 was announced on 9 August 2021. The Balrampur Chini buyback is to start from 9 August 2021 to 16 February 2022. The Company will do Buyback with equity Open Market of Face Value Rs. ₹1/ Each Fully paid off at a Price Of Rs. ₹410/- Per Equity. The size of this Buyback is about ₹225 Crores. And this will be done through a Buyback Open Market.
Balrampur Chini Mills Limited founded in 1975, is one of the largest sugar manufacturing companies in India. It is one of the first sugar companies in the country to diversify its business from sugar to distillery and cogeneration. With a deep and profound sectorial understanding, the Company’s innovative approach to manufacturing has enabled it to successfully create a wide range of co-products ranging from Molasses, Alcohol, Ethanol, and Bagasse to Power Generation.
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The Company’s aspirations and vision are led by Mr. Vivek Saraogi. He is the former President of the Indian Sugar Mills Association and has also worked as a committee member of FICCI and the Indian Chamber of Commerce in Kolkata. His stewardship enabled the Company to soar to new heights. The Company possesses a cane crushing capacity of 76,500 tonnes per day, a distillery capacity of 520 KL per day, and a saleable co-generation capacity of 168.70 megawatts.
Balrampur Chini buyback 2021 Offer Details:
|Buyback Type||Open Market|
|Buyback Record Date||Open Market|
|Buyback Offer Amount||₹225 Cr|
|Date of Board Meeting approving the proposal||9 August 2021|
|Date of Public Announcement||9 August 2021|
|Buyback Offer Size||N/A|
|Buyback Number of Shares||Open Market|
|Price Type||Open market|
|Face Value||₹1/- Rs.|
|Buyback Price||₹410/- per share.|
Balrampur Chini Buyback 2021 Important Dates
We have covered all important dates related to “Balrampur Chini Buyback 2021” Buyback Activity Dates are updated as they are announced.
|Board Meeting for Buyback proposal||9 August 2021|
|Buyback Approval date||9 August 2021|
|Public Announcement Date||9 August 2021|
|Buyback Record Date||Open Market|
|Buyback Opening Date||17 August 2021|
|Buyback Closing Date||16 February 2022|
Details Of The Buyback Offer and Offer Price :
The board of directors of the Company (hereinafter referred to as the “Board” or “Board of Directors”), at their meeting held on August 9, 2021 (the “Board Meeting”), has approved the proposal for buy-back of its own fully paid-up equity shares of the face value of `1 each (“Equity Shares”) in accordance with Article 62 of the Articles of Association of the Company, the provisions of Sections 68, 69 and 70 of the Companies Act, 2013, as amended (“Companies Act”) and the applicable rules thereunder, in compliance with the SEBI Buy-back Regulations and subject to such other approvals, permissions, sanctions and filings as may be necessary under the SEBI Buy-back Regulations.
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI LODR”), Reserve Bank of India (“RBI”), the Securities and Exchange Board of India (“SEBI”), Registrar of Companies, Kolkata (the “ROC”), Stock Exchanges where the Equity Shares of the Company are listed, etc. as may be required and further subject to such conditions as may be prescribed while granting such Board approval which may be agreed by the Board of Directors of the Company.
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The Board in the aforementioned meeting, have approved the Buy-back by the Company of its fully paid-up Equity Shares for an aggregate amount not exceeding `215.25 crores (Rupees Two Hundred Fifteen Crores Twenty Five Lakhs Only) (“Maximum Buy-back Size”), being 8.68% and 8.56% of the total paid-up share capital and free reserves of the Company based on the audited standalone and consolidated financial statements of the Company respectively.
as at March 31, 2021 (being the date of the last audited financial statements of the Company), for a price not exceeding `410.00 (Rupees Four Hundred Ten only) per Equity Share (“Maximum Buy-back Price”) from all shareholders of the Company excluding promoters, promoter group and persons who are in control of the Company (“Promoters”), as the terms are respectively defined in the SEBI Buy-back Regulations (“Buy-back”).
The Maximum Buy-back Size does not include any other expenses incurred or to be incurred for the Buy-back like filing fees payable to SEBI, Stock Exchanges fees, advisors’ fees, public announcement, publication expenses, transaction cost viz., brokerage, applicable taxes such as securities transaction tax, stamp duty, income tax, Buy-back tax etc. and any other incidental and related expenses (“Transaction Costs”). The Buy-back period is from August 09, 2021, i.e., the date of the Board approved up to the date on which the final payment of consideration for the Equity Shares bought back by the Company is made (“Buy-back Period”).
Buyback Public Announcement Link :
Registrar of The Buyback :
KFIN TECHNOLOGIES PRIVATE LIMITED
Selenium Tower- B, Plot No 31 & 32 Gachibowli,
Financial District Nanakramguda,
Serilingampally, Hyderabad, Telangana – 500032
Tel: 18003094001; Fax: 91 40 343 1551
Contact person: Mr. S V Raju / Mr S Balaji Reddy
Email: [email protected]
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
Contact Person: Mr. Ankit Bhatia
Email: [email protected]
Company Address :
Balrampur Chini 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]
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 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 Balrampur Chini buyback scheme.
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Balrampur Chini Buyback 2021 FAQs:
When is Balrampur Chini Buyback Announcement Date?
Balrampur Chini’s buyback 2021 announcement date is 9 August 2021.
When is Balrampur Chini Buyback Open Date?
Balrampur Chini’s buyback Open date is 17 August 2021.
When is Balrampur Chini Buyback Close Date?
Balrampur Chini buyback Close date is 16 Feb 2022.
When is Balrampur Chini Buyback Record Date?
Balrampur Chini buyback 2021 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 ₹410 per share.
What is Balrampur Chini Buyback Offer Size?
Balrampur Chini company Buyback Offer Size is ₹225 Cr.
How to apply for Balrampur Chini Buyback 2021?
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.
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