Rishiroop Buyback 2021 was announced on 27 August 2021. The Rishiroop buyback is to start from 5 October 2021 and closes on 20 October 2021. The Company will do Buyback with equity of 6,40,000 Equity Shares around 9.67% of Face Value Rs. ₹10/ Each Fully paid off at a Price Of Rs. ₹125/- Per Equity. The size of this Buyback is about ₹8 Crores. And this will be done through a Buyback Tender Offer.
Rishiroop Limited Company is in the business of manufacturing polymer blends consumed mainly by the medium and small scale sector which accounts for over 50% of the production of rubber goods in non-tyre industrial products. These polymer blends are used in the manufacture of petrol hoses, LPG tubing, O-rings, seals & gaskets, printing & textile rollers, cable sheathing, automotive components, Besides Polymer blends, etc.
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The Company also sells other complementary products sourced from abroad. The Company is operating out of the premises leased by the promoter group company and has required infrastructure including information technology hardware and software to run its business. The day-to-day operations are being looked after by the core team comprising of the Managing Director and other members.
Rishiroop buyback 2021 Offer Details:
| Event Name | Details |
| Buyback Type | Open Market |
| Buyback Record Date | 9 September 2021 |
| Buyback Offer Amount | ₹8 Cr |
| Date of Board Meeting approving the proposal | 27 August 2021 |
| Date of Public Announcement | 30 August 2021 |
| Buyback Offer Size | 9.67% |
| Buyback Number of Shares | 6,40,000 |
| Price Type | Tender Offer |
| Face Value | ₹10/- Rs. |
| Buyback Price | ₹125/- per share. |
Rishiroop Buyback 2021 Important Dates
We have covered all important dates related to “Rishiroop Buyback 2021” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 27 August 2021 |
| Buyback Approval date | 27 August 2021 |
| Public Announcement Date | 30 August 2021 |
| Buyback Record Date | 9 September 2021 |
| Buyback Opening Date | 5 October 2021 |
| Buyback Closing Date | 20 October 2021 |
Details Of The Buyback Offer and Offer Price :
The Company proposes to Buyback up to 6,40,000 (Six Lakh Forty Thousand) fully paid-up Equity Shares of the face value of ₹10/- (Rupees Ten only) each, (representing up to 6.60 % of the total number of outstanding Equity Shares of the Company) from the Eligible Shareholders, on a proportionate basis, through the Tender Offer route using stock exchange mechanism at a price of ₹125/- (Rupees One Hundred and Twenty Five Only) per Equity Share, payable in cash for an aggregate maximum amount of up to ₹8,00,00,000/- (Rupees Eight Crore only).
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The Buyback is in accordance with the provisions of Section 68, 69, 70 and other applicable provisions, if any, of the Companies Act and in accordance with Article 74 of the Articles of Association of the Company and subject to Regulation 4(iv)(a) and other applicable provisions contained in the Buyback Regulations and such other approvals, permissions and sanctions as may be required, from time to time from statutory authorities and/ or regulatory authorities. The Buyback Size is 9.67% of the fully paid-up equity share capital and free reserves as per the latest Audited Financial Statements as of March 31, 2021.
Buyback Public Announcement Link :
Buyback Public Announcement Link
Registrar of The Buyback :
Link Intime India Private Limited
C-101, 247 Park
L.B.S. Marg, Vikhroli (W), Mumbai– 400 083
Tel. No.: +91 22 49186200; Fax: +91 22 4918696195;
Contact person: Sumeet Deshpande;
Email: [email protected]
Website: www.linkintime.co.in
Manager of The Buyback :
Inga Ventures Private Limited
1229, Hubtown Solaris, N.S. Phadke Marg,
Opp. Telli Galli, Andheri (East), Mumbai 400069
Tel. No.: +91 022 26816003, Fax: +91 022 26816020;
Contact Person: Kavita Shah;
Email: [email protected]
Website: www.ingaventures.com
Company Address :
Rishiroop Limited
W-75(A), W-76(A),
MIDC Industrial Area,
Satpur, Nasik-422007
Tel. No.: +91 22 4095 2080
Fax: +91 22 2287 2796
Email: [email protected]
Website: www.rishiroop.in
How to Participate in Rishiroop Ltd buyback?
The Investors are eligible for the buyback scheme who have Rishiroop shares in their Demat account as the Record Date is 9 September 2021 as the offer is Tender Offer. Investors can participate in the Rishiroop 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 Rishiroop buyback scheme.
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Rishiroop Buyback 2021 FAQs:
When is Rishiroop’s Buyback Announcement Date?
Rishiroop’s buyback 2021 announcement date is 27 August 2021.
When is the Rishiroop Buyback Open Date?
Rishiroop buyback Open date is 5 October 2021.
When is Rishiroop’s Buyback Close Date?
Rishiroop buyback Close date is 20 October 2021.
When is Rishiroop Buyback Record Date?
Rishiroop buyback 2021 Record date is 9 September 2021 as the offer is Tender Offer.
What is Rishiroop’s Buyback Price?
Rishiroop company has fixed the price at ₹125 per share.
What is the Rishiroop Buyback Offer Size?
Rishiroop company Buyback Offer Size is ₹8 Cr.
How to apply for Rishiroop Buyback 2021?
As per the record date you need to have Rishiroop shares in your Demat account. You can participate in buyback after having the stock in your account.
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