MOIL Buyback 2022 Record Date, Buyback Price & Details

MOIL Buyback 2022

MOIL Buyback 2022 announced on 21 December 2022. The MOIL buyback to start from 28 january 2022 to 10 February 2022. The Company will do Buyback with equity of 3,38,42,668 Equity Shares around 14.26% of Face Value Rs. ₹10/ Each Fully paid off at a Price Of Rs. ₹205/- Per Equity. The size of this Buyback is about ₹693.77 Crores. And this will be done through a Buyback Open Market.

MOIL (earlier known as Manganese Ore (India) Limited) is a miniratna state-owned manganese ore mining company headquartered in Nagpur, India. With a market share of 50%, it is the largest producer of manganese ore in India. MOIL operates 11 mines in adjoining districts of Maharashtra and Madhya Pradesh. It has been ranked #486 among the 500 top companies in India and 9th in the Mines and Metals Sector of the Fortune India 500 list for 2011.

Read also:- Share Buyback List 2022

MOIL produces and sells different grades of Manganese Ore.  They are:-

•    High Grade Ores for production of Ferro manganese
•    Medium grade ore for production of Silico manganese
•    Blast furnace grade ore required for production of hot metal and
•    Dioxide for dry battery cells and chemical industries.

MOIL has set up a plant based on indigenous technology to manufacture 1,500 MT per annum capacity of Electrolytic Manganese Dioxide (EMD). This product is used for the manufacture of dry battery cells. EMD produced by the Company is of good quality and well accepted by the market.MOIL is having a Ferro manganese plant with a capacity of 12,000 MT per annum for value addition.

MOIL Buyback 2022 Offer Details:

Event NameDetails
Buyback TypeTender Offer
Buyback Record Date31 December 2021
Buyback Offer Amount₹693.77 Cr
Date of Board Meeting approving the proposal21 December 2021
Date of Public Announcement22 December 2021
Buyback Offer Size14.26%
Buyback Number of Shares3,38,42,668
Price TypeTender Offer
Face Value₹10/- Rs.
Buyback Price₹205/- per share.
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MOIL Buyback 2022 Important Dates

We have covered all important dates related to “MOIL Buyback 2022” Buyback Activity Dates are updated as they are announced.

Buyback ActivityDates
Board Meeting for Buyback proposal21 Dec 2021
Buyback Approval date21 Dec 20221
Public Announcement Date22 Dec 2021
Buyback Record Date31 Dec 2021
Buyback Opening Date28 Jan 2022
Buyback Closing Date10 Feb 2022

MOIL Limited Financial Report (in Cr) :

Upstox Referal

Buyback Letter of Offer

Registrar of The Buyback :

Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building Opposite Vasant Oasis,
Makwana Road, Marol, Andheri East,
Mumbai – 400 059
Tel: +91 22 6263 8200
Fax.: +91 22 6263 8280
Email: [email protected]

Manager of The Buyback :

IDBI Capital Markets & Securities Limited
6th Floor, IDBI Tower, WTC Complex, Cuffe Parade,
Mumbai – 400 005, Maharashtra, India
Contact person: Ashik Joisar/Rahul Sharma
Tel: +91 22 2217 1700
Fax: +91 22 2215 1787
Email: [email protected]

Company Address :

MOIL Limited
MOIL Bhawan, 1- A, Katol Road,
Nagpur – 440013, Maharashtra.
Tel: +91 712 2806208/154
Fax: +91 712 2591661
Email: [email protected]

Groww referal

How to Participate in MOIL Ltd buyback?

The Investors are eligible for the buyback scheme who have MOIL shares in their Demat account as the Record date is 31 Dec 2021 as the offer is tender Offer. Investors can participate in the MOIL 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 MOIL buyback scheme.

Read also:- Rights issue 2022

MOIL Buyback 2022 FAQs:

When is MOIL Buyback Announcement Date?
MOIL buyback 2022 announcement date is 21 Dec 2021.

When is MOIL Buyback Open Date?
MOIL buyback Open date is 28 Jan 2022.

When is MOIL Buyback Close Date?
MOIL buyback Close date is 10 Feb 2022.

When is MOIL Buyback Record Date?
MOIL buyback 2022 Record date is 31 December 2021 as the offer is Tender Offer.

What is MOIL Buyback Price?
MOIL company has fixed the price at ₹205 per share.

What is MOIL Buyback Offer Size?
MOIL company Buyback Offer Size is ₹693.77 Cr.

How to apply for MOIL Buyback 2022?
As per the record date you need to have MOIL shares in your Demat account. You can participate in buyback after having the stock in your account.


MOIL Buyback 2022 Record Date, Buyback Price & Details

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