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||--||--||--||--|