Mahalaxmi Rubtech Buyback 2021 was announced on 17 August 2021. The Mahalaxmi Rubtech buyback is to start from 29 September 2021 and closes on 12 October 2021. The Company will do Buyback with equity of 27,00,000 Equity Shares around 20.27% of Face Value Rs. ₹10/ Each Fully paid off at a Price Of Rs. ₹70/- Per Equity. The size of this Buyback is about ₹18.90 Crores. And this will be done through a Buyback Tender Market.
Mahalaxmi RubTech (MRT) is a part of the Mahalaxmi Group of Industries, a corporate conglomerate active in the manufacture & export of Textiles, Dyes, Pigments, Auxiliaries, and Synthetic Rubber / PU-Coated Fabrics. The Mahalaxmi Group has founded its business on a corporate philosophy of blending conventional and modern technologies, to produce ideal manufacturing solutions. And its industrial vision is truly transnational – in technology, perspectives, networking, and service ideas.
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Mahalaxmi Rubtech Limited is headquartered in Ahmedabad, India. It has the technological expertise and the manufacturing capacity to produce blankets of lengths up to 426 feet, and widths up to 3,700 mm.
Mahalaxmi Rubtech buyback 2021 Offer Details:
| Event Name | Details |
| Buyback Type | Tender Offer |
| Buyback Record Date | 27 August 2021 |
| Buyback Offer Amount | ₹18.90 Cr |
| Date of Board Meeting approving the proposal | 9 July 2021 |
| Date of Public Announcement | 17 August 2021 |
| Buyback Offer Size | 20.27% |
| Buyback Number of Shares | 27,00,000 |
| Price Type | Tender Offer |
| Face Value | ₹10/- Rs. |
| Buyback Price | ₹70/- per share. |
Mahalaxmi Rubtech Buyback 2021 Important Dates
We have covered all important dates related to “Mahalaxmi Rubtech Buyback 2021” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 9 July 2021 |
| Buyback Approval date | 17 August 2021 |
| Public Announcement Date | 17 August 2021 |
| Buyback Record Date | 27 August 2021 |
| Buyback Opening Date | 29 September 2021 |
| Buyback Closing Date | 12 October 2021 |
Details Of The Buyback Offer and Offer Price :
The board of directors of the Company (the “Board” which expression shall be deemed to also include any committee which the Board may constitute/authorize to exercise its powers, including the committee constituted by the Board to exercise its powers in relation to the Buyback) at its meeting held on 9 July 2021 (“Board Meeting”), have approved the buyback by the Company of its fully paid-up equity shares having face value of ₹10 and ₹70 (Seventy Rupees Only) per Equity Share (“Maximum Buyback Price”) and for an aggregate amount not exceeding ₹18.90 (Eighteen Crores Ninty Lakh only) (“Maximum Buyback Size”), from the shareholders / beneficial owners of the Company excluding its promoters.
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Members of its promoter group and persons who are in control of the Company, payable in cash from the Tender Offer 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”).
At the Maximum Buyback Price and for the Maximum Buyback Size, the indicative maximum number of Equity Shares bought back would be approximately 27,00,000 Equity Shares (“Maximum Buyback Shares”) which is 20.27 % of the total number of paid-up Equity Shares of the Company as at March 31, 2021.
Buyback Public Announcement Link :
Buyback Public Announcement Link
Registrar of The Buyback :
Cameo Corporate Services Limited
“Subramanian Building” #1, Club House Road
Chennai 600 002 – India.
Tel: +91-40-28460390
Fax: +91-40-28460129
Email ID: [email protected]
Website: https://cameoindia.com/
Manager of The Buyback :
Saffron Capital Advisors Private Limited
605, Sixth Floor, Centre Point, Andheri Kurla Road
J.B. Nagar, Andheri (East), Mumbai – 400059
Tel.: +91-22-40820912 | Fax: +91-22-40820999
Email: [email protected]
Website: www.saffronadvisor.com
Company Address :
Mahalaxmi Rubtech Limited
YSL Avenue, Opp Ketav Petrol Pump,
Polytechnic Road,
Ahmedabad-380015, India
Phone : +91-79-40008000
Fax No: +91-79-40008030
Email: [email protected]
Website: www.mrtglobal.com
How to Participate in Mahalaxmi Rubtech Ltd buyback?
The Investors are eligible for the buyback scheme who have Mahalaxmi Rubtech shares in their Demat account as the Record Date is 27 August 2021 as the offer is Tender Offer. Investors can participate in the Mahalaxmi Rubtech 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 Mahalaxmi Rubtech buyback scheme.
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Mahalaxmi Rubtech Buyback 2021 FAQs:
When is Mahalaxmi Rubtech Buyback Announcement Date?
Mahalaxmi Rubtech’s buyback 2021 announcement date is 17 August 2021.
When is Mahalaxmi Rubtech Buyback Open Date?
Mahalaxmi Rubtech buyback Open date is 29 September 2021.
When is Mahalaxmi Rubtech Buyback Close Date?
Mahalaxmi Rubtech buyback Close date is 12 October 2021.
When is Mahalaxmi Rubtech Buyback Record Date?
Mahalaxmi Rubtech buyback 2021 Record date is 27 August 2021 as the offer is Tender Offer.
What is Mahalaxmi Rubtech Buyback Price?
Mahalaxmi Rubtech company has fixed the price at ₹70 per share.
What is Mahalaxmi Rubtech Buyback Offer Size?
Mahalaxmi Rubtech company Buyback Offer Size is ₹18.90 Cr.
How to apply for Mahalaxmi Rubtech Buyback 2021?
As per the record date you need to have Mahalaxmi Rubtech shares in your Demat account. You can participate in buyback after having the stock in your account.
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