Goldiam International Buyback 2021 was announced on 21 July 2021. The Goldiam International Buyback is to start Date, “Not Announced”. The Company will do Buyback with equity of 6,65,248 Equity Shares around 3.00% of Face Value Rs. ₹10/ Each Fully paid off at a Price Of Rs. ₹675/- Per Equity. The size of this Buyback is about ₹45 Crores approx. And this will be done through a Buyback Tender Offer.
The company is engaged in the twin business of export of cut & polished diamonds and the export of plain and studded gold jewellery. After setting up the diamond cutting and polishing section the company set up the jewellery manufacturing facility incorporating the latest state of the art technology. The company today is one of the first companies which has the entire cut & polished diamond studded gold jewellery manufacturing facilities under one roof thus achieving complete forward integration.
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The Company’s unflinching commitment to quality is indicated by the fact that it has been winning awards for outstanding export performance for the last three consecutive years i.e. 1991, 1992, & 1993. In view of the vast unsatiated demand for jewellery, the company has embarked upon an expansion programme last year to increase the annual capacity of the jewellery section from the present 75,000 units to 4,00,000 units. (source: moneycontrol.com)
Goldiam International Buyback 2021 Offer Details:
|Buyback Type||Tender Offer|
|Buyback Record Date||27 October 2021|
|Buyback Offer Amount||₹45 Cr Approx|
|Date of Board Meeting approving the proposal||21 July 2021|
|Date of Public Announcement||21 July 2021|
|Buyback Offer Size||3.00%|
|Buyback Number of Shares||6,65,248|
|Price Type||Tender Offer|
|Face Value||₹10/- Rs.|
|Buyback Price||₹675/- per share.|
Goldiam International Buyback 2021 Important Dates
We have covered all important dates related to “Goldiam International Buyback 2021” Buyback Activity Dates are updated as they are announced.
|Board Meeting for Buyback proposal||21 July 2021|
|Buyback Approval date||21 July 2021|
|Public Announcement Date||21 July 2021|
|Buyback Record Date||27 October 2021|
|Buyback Opening Date||Not Declare|
|Buyback Closing Date||Not Declare|
Details Of The Buyback Offer and Offer Price :
The Board of Directors of Goldiam International Limited (the “Company”) at its meeting held on July 21, 2021, has approved a proposal to buyback up to 6,65,248 equity shares (Six lakhs sixty-five thousand two hundred forty-eight only) of the Company for an aggregate amount not exceeding Rs.44,90,42,400/- (Rupees Forty-four crores ninety lakhs forty two thousand four hundred only) (hereinafter referred to as the “Buyback Size”), being 3.00% of the total paid-up equity share capital and 19.05% of the total paid-up equity share capital and free reserves of the Company based on the audited standalone financial statements.
The Company as of March 31, 2021, at a price of Rs. 675/- (Rupees Six hundred seventy-five only) per equity share (hereinafter the “Buyback Price” and such buyback, the “Buyback”).
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Members of its promoter group and persons who are in control of the Company, payable in cash from the open market through the stock exchange mechanism i.e. using the electronic trading facilities of the stock exchanges where the Equity Shares of the Company are listed i.e. National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”) (collectively referred as the “Stock Exchanges”), provided under the Buyback Regulations (“Buyback”).
Buyback Public Announcement Link :
Registrar of The Buyback :
Manager of The Buyback :
Company Address :
Gems & Jewellery Complex,
Santacruz Electronics Export Processing Zone,
Andheri (East), Mumbai-400096. India
Phones: (022) 28291893/ 28290396/ 28292397
Fax : (022) 28292885
Email:- [email protected]
How to Participate in Goldiam International Buyback?
The Investors are eligible for the buyback scheme who have Goldiam International shares in their Demat account as the Record date is Not Declare as the offer is a tender offer. Investors can participate in the Goldiam International 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 Goldiam International Buyback scheme.
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Goldiam International Buyback 2021 FAQs:
When is Goldiam International Buyback Announcement Date?
Goldiam International Buyback 2021 announcement date is 21 July 2021.
When is Goldiam International Buyback Open Date?
Goldiam International Buyback Open date is Not Announced.
When is Goldiam International Buyback Close Date?
Goldiam International Buyback Close date is Not Announced.
When is Goldiam International Buyback Record Date?
Goldiam International Buyback 2021 Record date is Not Announced as the offer is Tender Offer.
What is Goldiam International Buyback Price?
Goldiam International company has fixed the price at ₹675 per share.
What is Goldiam International Buyback Offer Size?
Goldiam International company Buyback Offer Size is ₹45 Cr approx.
How to apply for Goldiam International Buyback 2021?
As per the record date you need to have Goldiam International shares in your Demat account. You can participate in buyback after having the stock in your account.
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