Sir i have shares ….
But there us no buyback option in my demat account so how can I tender shares in buyback please guide
McLeod Russel India Limited BuyBack May 2018
(i) McLeod Russel India Limited is recognized as one of the best employers in the tea industry. The Company is a dynamic company and continuously invest in people and technology which contribute towards our growth.
(ii) Our People They directly employ around 90,000 people in over 60 locations. The aim is to be a good corporate citizen by using best practices, support local communities, create a true benefit to our stakeholders and provide all our employees with an enjoyable, successful and safe working environment.
(iii) Management Trainees Every year they recruit a small, select and gifted team of Management Trainees for their tea estates. They spend time and resources on training the new Trainees who come from all backgrounds.
Buy Back Offer Deal:
|Buyback Type:||Open Market|
|Buyback Opening Date:||Jun 19 2018|
|Buyback Closing Date:||Dec 18 2018|
|Buyback Offer Amount:||₹ 100 Cr|
|Date of Board Meeting approving the proposal:||May 30 2018|
|Date of Public Announcement:||May 30 2018|
|Buyback Offer Size:||4.35%|
|Buyback Number of Shares:||47,61,904|
|Buyback Price:||₹ 210 Per Equity Share|
Details of Buyback:
Shareholding Pattern Pre and Post buyback:
|Equity Shares||%||Equity Shares||%|
|(i) Promoters and Members of Promoter Group||44,609,781||40.76||44,609,781||42.61|
|(iii) Shares underlying DRs||--||--||--||--|
|(iv) Shares held by Employee Trust||--||--||--||--|
|(v) Non-Promoter & Non-Public||--||--||--||--|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
Company Contact Details:
Sir i have shares ….
It is an open market buyback. The company will buyback shares from the market based on the current price. So it is similar to selling your shares in the open market.
just help me for clearing one concept as in our aap told about mcloedrussel..i have 200 share in my portfolio ..so how can i participate in buyback.??i didnt understand thats y.i asked u
sir jii yeah open market buyback hai. isme company usi rate pe share buy karti hai joh rate market main chal raha hota hai. Toh jab aap market main apne share bechoge toh usse koi farak nahin padta ki company kharide ya phir market main koi aur.
aapne share kitne price pe liye hai..
Is it open??i have pruchased 200 shares of this compony??
McLeod Russel India Limited Buyback is an Open Market BuyBack Avoid Rating from InvestorZone Team
It is opened till 29 Dec 2018, but being an open market buyback it will not fetch anything for the investors.
Investor zone should check, whether it is an open market purchase or tendering at fix rate.
The profit shown is not possible.
A standard format is made for all buy back, which is not correct.
McLeod Russel India Limited Buyback is an Open Market BuyBack
In this method of share buyback, the company buys its own stocks from the market. This transaction happens through company’s brokers. This repurchase program happens for an extended period of time as a large block of shares needs to be bought. The company is under no obligation to conduct the repurchase program after the announcement. The company has the option to cancel it. Also, it can make changes in the repurchase program according to company’s situations and needs.
Thanks Sumit Ji For Your Valuable Feed Back We Will Change Our Format as per Your Suggestion
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