GHCL Limited Buyback 2020
(i) GHCL Limited is engaged in the business of manufacturing and trading of inorganic chemicals, home textiles, and wind power generation.
(ii) The Company’s segments include Inorganic Chemicals, Textiles, and Others. The Company’s geographical segments include India and the Rest of the world.
(iii) In Chemicals, the Company manufactures Soda Ash (Anhydrous Sodium Carbonate) that is used as a raw material for detergents and glass industries, and sodium bicarbonate (baking soda).
(iv) Its Textile operations include spinning of fiber, weaving, dyeing, and printing till the finished products, such as sheets and duvets, which are primarily exported across the world.
(v) The Company is also engaged in the salt business. It produces edible and industrial grade salt. It is involved in cotton fabrics and furnishing, and cotton yarn business. The Company’s subsidiary is Grace Home Fashion, LLC, which is engaged in the home textile segment and caters to home-textile retailers.
Buy Back Offer Deal:
|Buyback Type:||Open Market|
|Buyback Offer Amount:||₹ 60|
|Date of Board Meeting approving the proposal:||Jan 23 2020|
|Date of Public Announcement:||Jan 23 2020|
|Buyback Offer Size:||3.26%|
|Buyback Number of Shares:||32,00,000|
|Price Type:||Open Market|
|Buyback Price:||₹ 250 Per Equity Share|
Details of Buyback:
Salient financial parameters: