letter of Offer:
(i) Coral India Finance and Housing Limited is one of the Housing Development Company in India with two segments viz. Finance & Construction. Coral India Finance and Housing Limited is a public listed Housing Development company in India with shares traded on the BSE & NSE Stock Exchanges. Coral India Finance and Housing Limited group have developed projects spread across commercial complexes, residential developments. It has several ongoing projects. Each project bears a stamp of thoughtful solutions and the highest quality. The company has specialists from India working on various aspects including design, landscaping, engineering and structural strength of each of the developments.
(ii) The Company was incorporated on 4th Day of January 1995 with the name of “Coral India Finance and Housing Limited.“. The Company was incorporated with the objects to provide all types of Financial Services including bill discounting, Raising & placement of funds, placement of securities, advising on investments of funds, financial consultants, project counseling& advisory services, etc., and to carry on business as Builders, Developers, Contractors for all types of construction work, including land and property development and Real estate dealers.
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Apr 17 2020|
|Buyback Opening Date:||Jun 01 2020|
|Buyback Closing Date:||Jun 12 2020|
|Buyback Offer Amount:||₹ 21.08 Cr|
|Date of Board Meeting approving the proposal:||Feb 14 2020|
|Date of Public Announcement:||Feb 14 2020|
|Buyback Offer Size:||24.86%|
|Buyback Number of Shares:||1,24,00,000|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 17 Per Equity Share|
|Amount Invested in Buyback||161990||161990||161990||161990|
|No. of Shares buyback||3882||5882||8823||11764|
letter of Offer:
Draft letter of Offer:
Record date announcement:
Dec-19 results announced today, which looks quite good.
1. Revenue growth of 26% in the first 9MFY20 as compared to the same period in the previous year.
2. PAT growth of 50% in the first 9MFY20 as compared to the same period in the previous year.
3. 9MFY20 EPS is 1.88.
The current arbitrage available for investment in buyback is 23%.
So risk-taker investors may look this buyback opportunity.
pls update email@example.com
should we go for purchase from market for participating in buyback process.? pl advise
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