Monte Carlo Fashions Buyback 2018
(i) Monte Carlo Fashions Ltd was launched in 1984 by Oswal Woolen Mills Ltd, the flagship company of Nahar group. The launch was a significant step in the evolution of branded garment industry in India. Since then, it has been catering to the ever-growing demands of the Clothing and Fashion industry.
(ii) The products offered under brand Monte Carlo, apart from Woolen knitted garments, include T-Shirts, Shirts, Linen Shirts, Denim, Trousers, Dresses, Shorts, Tunics, Sportswear & much more for men, women and tweens (8-14 years age group).
(iii) The brand has gained the ISO 9001: 2000 certifications and has been felicitated by the International Wool Secretariat with the prestigious Best Exhibited Product award.
(iv) It has also emerged as the No. 1 brand in the men’s wear category in a survey conducted in the summer of 2009 by Images-ORG-MARG.
(v) In 2014, Monte Carlo was honoured as one of ASIA’S BEST MARKETING BRANDS by World Consulting & Research Corporation (WCRC).
(vi) The Company’s products reach the end user through different channels i.e. through Exclusive Brand Outlets, Multi Brand Outlets. Currently, Monte Carlo is available through more than 200 Exclusive Brand Outlets & over 1300 Multi Brand Outlets.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Feb 22 2019|
|Buyback Offer Amount:||₹ 55 Cr|
|Date of Board Meeting approving the proposal:||Nov 30 2018|
|Date of Public Announcement:||Nov 30 2018|
|Buyback Offer Size:||10.56%|
|Buyback Number of Shares:||10 Lakhs|
|Buyback Price:||₹ 550 Per Equity Share|
Details of Buyback:
Salient financial parameters:
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|(i) Amount Invested in Buyback||1,41,090||1,41,090||1,41,090||1,41,090|
|(ii) No. of Shares buyback||119.79||181.5||272.25||363|
|(iii) BuyBack Profit||19405.98||29403||44104.5||58806|