Cheviot Company Ltd Buyback 2021
(i) Group Cheviot consists of a diversified portfolio of industries in Jute, Tea and Leather. Over 5,000 employees are working in various disciplines for the Group. These include highly qualified, experienced and professional managers, technicians, administrators, and skilled & unskilled workers.
(ii) They operate two business segments namely Jute goods and Captive power generation. Their jute products include sacking bags sacking cloth hessian cloth and bags and decorative fabrics.
(iii) In January 2003 company commenced commercial operation in their Captive Power Plant with the installed capacity of 3.14 MW. In March 2003 the company commenced commercial production of industrial fabrics at their new 100% Export Oriented Unit (EOU) in Falta Special Economic Zone (FSEZ).
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Dec 17 2021|
|Buyback Opening Date:||Jan 10 2022|
|Buyback Closing Date:||Jan 21 2022|
|Buyback Offer Amount:||₹ 43.12 Crores|
|Date of Board Meeting approving the proposal:||Dec 04 2021|
|Date of Public Announcement:||Dec 04 2021|
|Buyback Offer Size:||3.99%|
|Buyback Number of Shares:||2,50,000|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 1725 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars (in Crores)||Mar 21||Mar 20|
|Profit Before tax||93||62|
|Profit After Tax||76||48|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,66,750||1,66,750||1,66,750||1,66,750|
|No. of Shares buyback||38||58||86||115|