Dalmia Bharat Limited Buyback 2020
(i) Founded in 1935 by Jaidayal Dalmia; the cement division of Dalmia Cement Bharat Limited (DCBL) (formerly known as Odisha Cement Limited) CIN: L14200TN2013PLC112346 was established in 1939 and enjoys a heritage of 70 years of expertise and experience. It has headquartered in New Delhi with cement, sugar, travel agency, magnesite, refractory and electronic operations spread across the country.
(ii) The Dalmia Bharat Group had established four cement plants in pre-independence years, two of which were affected by the partition and Independence. The two remaining plants operate as Dalmia Cement and we have an associate company which is Orissa Cement Limited (OCL). Managed by a professional team, we have sustained the path to innovation and growth for seven decades.
Buy Back Offer Deal:
|Buyback Type:||Open Market|
|Buyback Opening Date:||Apr 03 2020|
|Buyback Closing Date:||Oct 01 2020|
|Buyback Offer Amount:||₹ 500 Cr|
|Date of Board Meeting approving the proposal:||Mar 21 2020|
|Date of Public Announcement:||Mar 21 2020|
|Price Type:||Open Market|
|Buyback Price:||₹ 700 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Profit before tax||108||389||339|