ADF Foods Limited BuyBack June 2018
ADF Foods Limited BuyBack June 2018
ADF Foods Limited try our best to infuse the right ingredients to make our products delectable. It is with this thought that we embarked on a culinary journey to chronicle a world of authentic foods. Pickles seasoned with spices, Ready-to-Eat meals, Chutneys, Garlicky-gingery Pastes, Sauces made of fresh ripe tomatoes marinated in finely chopped onions and herbs; is what constitutes our world. When we look back to the year 1932, we see a year filled with hopes, dreams, and possibilities. We see the humble beginning of a small retail store by the name – American Dry Fruits. With the passage of time, this retail outlet evolved and is now globally known as ADF Foods Limited. Today, ADF houses an array of traditional ethnic Indian, spicy Mexican and exotic Mediterranean foods. Our frozen foods, salted, sweet & savoury pickles or the wide variety of Pizza & Pasta sauces are relished in all diversified parts of the world. Our extensive food family that spans from Ashoka, Soul, PJ’s, Nates, Camel, Aeroplane to Truly Indian has been catering to the native and the international palate from the very beginning. It’s not just Asia & the Middle East but also the islands of Great Britain to the coast of Australia, from the land of the kiwis to the United States of America that we connect on a gastronomic level.
ADF Foods Limited has informed BSE that the meeting of the Board of Directors of the Company is convened to be held on June 05, 2018, inter alia, to consider buyback of equity shares of the Company.
Buy Back Offer Deal:
Buyback Type: | Open Market |
Buyback Opening Date: | Jul 23 2018 |
Buyback Closing Date: | Sep 19 2018 |
Buyback Offer Amount: | ₹ 30 Cr |
Date of Board Meeting approving the proposal: | Jun 05 2018 |
Date of Public Announcement: | Jun 05 2018 |
Buyback Offer Size: | 4.71% |
Buyback Number of Shares: | 10 Lacs |
FV: | 10 |
Buyback Price: | ₹ 300 Per Equity Share |
Details of Buyback:
How to Participate in buyback?
Recommendation:
Company Contact Details:
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Avoid this buyback.
This is an open market buyback offer. The Company has started buying shares from July 23, 2018 Onwards and will continue to buy for next six months at price not exceeding Rs.300. There is no point of applying in such Open tender buyback