Freshtrop Fruits Ltd Buyback 2022
i. For more than a decade, Freshtrop Fruits Ltd. has been a leading and consistent supplier of grapes and pomegranates from India to European supermarkets.
ii. Freshtrop’s operations have been guided by a steadfast focus on quality and a systematic and thorough approach to food safety and traceability. The Company’s ongoing efforts to develop and expand relationships with growers have allowed it to become a reliable supplier of fresh produce.
iii. Freshtrop established a state-of-the-art juice processing plant in Nasik, Maharashtra, about 180 kilometres from Mumbai, in 2009, in order to capitalise on existing backward linkages and to bring the same high standards of quality and food safety to the processed domain.
Buy Back Offer Deal:
|Buyback Type:||Open Market|
|Buyback Opening Date:||Dec 20 2022|
|Buyback Closing Date:||Jun 19 2023|
|Buyback Offer Amount:||₹ 800 Lakhs|
|Date of Board Meeting approving the proposal:||Dec 07 2022|
|Date of Public Announcement:||Dec 07 2022|
|Buyback Offer Size:||9.89%|
|Buyback Number of Shares:||6,95,652|
|Price Type:||Open Market|
|Buyback Price:||₹ 115 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars (in Cr)||Mar 2018||Mar 2019||Mar 2020||Mar 2021||Mar 2022|
|Other Income +||1||5||2||4||5|
|Profit before tax||13||18||6||13||10|
|EPS in Rs||6.83||11.31||4.15||8.69||6.89|