Weizmann Buyback 2022 announced on 02 December 2021. The Weizmann buyback to start from 13 January 2022 to 27 January 2021. The Company will do Buyback with equity of 14,12,515 Equity Shares around 8.18% of Face Value Rs. ₹10/ Each Fully paid off at a Price Of Rs. ₹60/- Per Equity. The size of this Buyback is about ₹8.48 Crores. And this will be done through a Buyback Tender Offer.
Weizmann Limited was initially engaged in Textile Processing and Exports, A to Z of Non Banking Finance Activities and in the early 1990’s commenced Money Changing Business as an FFMC registered with RBI, under the brand name Weizmann Forex. The group then commenced money transfer services as representatives of Western Union Money Transfer Services, USA. The group also promoted a Housing Finance Company, Weizmann Homes. Further the group ventured into the Renewable Energy sector by initially manufacturing NedWind make Wind Electric Generators and later as Renewable Energy Developers primarily Wind Power and Hydro Power under Karma Energy.
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Weizmann Buyback 2022 Offer Details:
| Event Name | Details |
| Buyback Type | Tender Offer |
| Buyback Record Date | 10 Dec 2021 |
| Buyback Offer Amount | ₹8.48 Cr |
| Date of Board Meeting approving the proposal | 16 Oct 2021 |
| Date of Public Announcement | 02 Dec 2021 |
| Buyback Offer Size | 8.18% |
| Buyback Number of Shares | 14,12,515 |
| Price Type | Tender Offer |
| Face Value | ₹10/- Rs. |
| Buyback Price | ₹60/- per share. |
Weizmann Buyback 2022 Important Dates
We have covered all important dates related to “Weizmann Buyback 2022” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 16 Oct 2021 |
| Buyback Approval date | 16 Dec 2021 |
| Public Announcement Date | 02 Dec 2021 |
| Buyback Record Date | 10 Dec 2021 |
| Buyback Opening Date | 13 Jan 2022 |
| Buyback Closing Date | 27 Jan 2021 |
Weizmann Limited Financial Report (in lakhs) :
| Year | Revenue | Expense | PAT |
|---|---|---|---|
| 2021-6M | ₹4642.15 | ₹4468.8 | ₹8.99 |
| 2021 | ₹9,828.24 | ₹8,629.86 | ₹492.26 |
| 2020 | ₹9,648.23 | ₹8,759.44 | ₹432.08 |
| 2019 | ₹10,666.76 | ₹9,368.48 | ₹856.97 |
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Buyback Public Announcement Link :
Registrar of The Buyback :
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri (East), Mumbai 400059, India.
Tel No: 022 – 62638200
Fax: 022 – 62638299
Email Id: [email protected]
Website: www.bigshareonline.com
Manager of The Buyback :
Keynote Financial Services Limited
The Ruby, 9th Floor, Senapati Bapat Marg,
Dadar (West), Mumbai – 400028
Tel: +91 22 6826 6000-3
Website:www.keynoteindia.net
E-mail: [email protected]
Company Address :
Weizmann Limited
214, Empire House, Dr. D. N. Road,
Ent. A.K. Nayak Marg, Fort,
Mumbai – 400 001
Tel.Nos.:022-22071501 (6 lines)
Fax No.:022-22071514
Website: www.weizmann.co.in
Email: [email protected]
How to Participate in Weizmann Ltd buyback?
The Investors are eligible for the buyback scheme who have Weizmann shares in their Demat account as the Record date is 10 Dec 2021 as the offer is tender Offer. Investors can participate in the Weizmann 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 Weizmann buyback scheme.
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Weizmann Buyback 2022 FAQs:
When is Weizmann Buyback 2022 Announcement Date?
Weizmann buyback 2021 announcement date is 02 Dec 2021.
When is Weizmann Buyback Open Date?
Weizmann buyback Open date is 13 Jan 2022.
When is Weizmann Buyback Close Date?
Weizmann buyback Close date is 27 Jan 2022.
When is Weizmann Buyback Record Date?
Weizmann buyback 2022 Record date is 10 Dec 2021 as the offer is Tender Offer.
What is Weizmann Buyback Price?
Weizmann company has fixed the price at ₹60 per share.
What is Weizmann Buyback Offer Size?
Weizmann company Buyback Offer Size is ₹8.48 Cr.
How to apply for Weizmann Buyback 2022?
As per the record date you need to have Weizmann shares in your Demat account. You can participate in buyback after having the stock in your account.
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