Balrampur Chini Mills Ltd Buyback 2019
(i) India is the second largest sugar producer and the largest sugar consuming country in the world. Balrampur Chini Mills Limited is one of India’s largest integrated sugar manufacturing companies.
(ii) What makes Balrampur Chini Mills Limited (BCML) special is that it is more than a sugar company.It is also engaged in the ancillary businesses of ethanol manufacture and co-generation.
(iii) The Company’s 10 factories in Uttar Pradesh possess
a) An aggregate cane crushing capacity of 76,500 tonnes per day
b) Distilleries possessing an aggregate capacity of 360 kilolitres per day
c) The saleable co-generation capacity of 163.20 megawattsBCML is more than just another industrial entity; it is a rural prosperity driver.
Buy Back Offer Deal:
|Buyback Type:||Tender offer|
|Buyback Record Date:||Apr 18 2019|
|Buyback Opening Date:||May 16 2019|
|Buyback Closing Date:||May 31 2019|
|Buyback Offer Amount:||₹ 147.67 Cr|
|Date of Board Meeting approving the proposal:||Apr 05 2019|
|Date of Public Announcement:||Apr 05 2019|
|Buyback Offer Size:||3.69%|
|Buyback Number of Shares:||84,38,327|
|Buyback Price:||₹ 175 Per Equity Share|
Details of Buyback:
Salient financial parameters:
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,64,448||1,64,448||1,64,448||1,64,448|
|No. of Shares buyback||376||571||856||1142|