Wipro to consider buyback on 27th April
Emami Limited Buyback 2023
Emami Limited is one of the leading and fastest growing personal and healthcare businesses in India, with an enviable portfolio of household brand names such as BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Mentho Plus Balm, Fast Relief and Kesh King.
Established in 1974, The Company has a portfolio of over 300 + products based on ayurvedic formulations. Emami’s current operations comprise more than 60 countries including SAARC, MENAP, SEA, Africa, Eastern Europe and the CIS countries. Nearly 150 Emami products are sold every second somewhere around the world. Emami Limited, the flagship company of the Group, recorded a turnover of Rs 3192 crore, in 2021-22.
Emami acquired the heritage brand Zandu in 2008 based on huge business synergy between the two brand portfolios.
Emami also acquired Ayurvedic Hair & Scalp business of “Kesh King” as a business strategy in 2015. In January 2019, the company also acquired Creme 21, a German brand with strong roots & brand recall. In 2022, the Company acquired ‘Dermicool’, one of the leading Prickly Heat and Cool Talc brands of India.
The Company employs more than 3200 people, reaches out to 49 lakh retail outlets through a network of over 2800+ distributors and has invested in 7 plants, 4 regional offices, 5 International Offices, 1 overseas unit, 8 overseas subsidiaries, 1 Domestic Subsidiary, 26 distribution centres and 2 Associates across India.
Buy Back Offer Deal:
|Buyback Type:||Open Market|
|Buyback Opening Date:||Apr 13 2023|
|Buyback Closing Date:||Sep 19 2023|
|Buyback Offer Amount:||₹ 186 Cr.|
|Date of Board Meeting approving the proposal:||Mar 24 2023|
|Date of Public Announcement:||Mar 24 2023|
|Buyback Offer Size:||9.99%|
|Buyback Number of Shares:||41,33,333|
|Price Type:||Open Market|
|Buyback Price:||₹ 450 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars||Mar 2018||Mar 2019||Mar 2020||Mar 2021||Mar 2022|
|Other Income +||19||25||46||69||90|
|Profit before tax||393||403||374||569||688|
|EPS in Rs||6.77||6.68||6.67||10.23||19.02|
|Dividend Payout %||52%||60%||60%||78%||42%|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
Poonawalla Fincorp also considerbuyback on 26th April
Nowhere is on bse site written about buy back of poonawala
Kindly provide details, as nothing is there at BSE website,
Got it – Its debentures buyback and not of shares.
buyback of 5 (five) outstanding series of retail debentures issued to the public pursuant to the
Shelf Prospectus and Tranche I Prospectus details of which have been more particularly set out
in Part A of Annexure 1 attached hereto; and
ii. buyback of 2 (two) outstanding series of debentures issued on private placement basis pursuant
to the disclosure documents, the details of which have been more particularly set out in Part B
of Annexure 1 attached hereto
The total equity of Emami is 44,11,50,000 and shares to be bought back is 41,33,333 . It is 0.93% and not 9.99%.
The data shown above is highly misleading.
I have bought shares considering that this buyback would be of ~10% and therefore definitely appreciation. But seeing the today’s share movement, I recheck and found error in investor zone.
It has become now very common to make such error by investor zone.
I again request to kindly check and recheck data before posting, as thousands if not lakhs follow you.
Emami has turned into an interesting stock. The current situation is that 10% of the equity would be bought back and retail holders are low, implies appreciation.
But there is an expectation of drop in profits , which would lead to drop..
Anyway bought email@example.com , appear to be a very risky trade
Daily share buyback detail:
@Admin it’s open market buyback but showing 12 April record date. Kindly check this.
A Separate window for open market buyback created “BO”.
Open offer, not useful for appreciation and investment.
still 10% buyback offer size, should improve stock price in mid to longer time period?
Only 0.9% and not 10% :-((
Last year open offer price up to 550 rs
Leave a Reply
You must be logged in to post a comment.