Thanks SRK ji, but only 1.16%, too low… Would avoid as large equity with small share holder…
Garware Technical Fibres Buyback 2022
Garware Technical Fibres Ltd., which used to be called Garware-Wall Ropes Ltd., is one of the most important technical textiles companies in India. Since it was founded in 1976, the company has grown into a technical textiles company with many different divisions and locations. It is known for coming up with world-class solutions for high-performance aquaculture cage nets, fishing nets, sports nets, safety nets, agricultural nets, coated fabrics, polymer ropes, and geosynthetics.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Nov 04 2022|
|Buyback Opening Date:||Dec 05 2022|
|Buyback Closing Date:||Dec 16 2022|
|Buyback Offer Amount:||₹ 90 Cr|
|Date of Board Meeting approving the proposal:||Oct 21 2022|
|Date of Public Announcement:||Oct 21 2022|
|Buyback Offer Size:||1.16%|
|Buyback Number of Shares:||240000|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 3750 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars (in Cr)||Mar 2018||Mar 2019||Mar 2020||Mar 2021||Mar 2022|
|Profit before tax||123||153||182||179||208|
|EPS in Rs||38.55||48.06||57.44||64.22||76.83|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||189369||189369||189369||189369|
|No. of Shares buyback||17||26||40||53|
Also price is not good. Better if 4000+
Welcome, Sumit ji. Thank you very much for sharing your kind views.
Particulars of the buyback of the shares of Garware Technical Fibres:
Buyback Price: Rs.3750/-
Buyback Size: 2,40,000 shares
Buyback Mode: Tender Offer Route
CMP: Rs. 3461.50
Record Date: 04/11/2022
All the best to all of you. Thank you.
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