Nava Bharat Ventures 2021 Buyback
Established in 1972 as an Indian ferro alloys manufacturer, Nava Bharat is now a multinational company, operating in India, South East Asia and Africa.
They are a diversified group, with businesses in metals manufacturing, power, mining, agribusiness and healthcare; and we employ more than 1,000 people in operations across two continents. They produce and supply over 200,000 tons of ferro alloys each year; operate several power plants of 743 MW; work with hundreds of sugarcane farmers to produce and process sugar as well as ethanol; and in 2017, our investments grew to include healthcare services.
In 2010, the international assets grew to include Maamba Collieries, Zambia’s largest coal mine concessionaire, which has also led to the development of a 300 MW power plant in Zambia, in 2016.
Buy Back Offer Deal:
| Buyback Type: | Open Market |
| Buyback Offer Amount: | ₹ 150 Crores |
| Date of Board Meeting approving the proposal: | Mar 01 2021 |
| Date of Public Announcement: | Mar 01 2021 |
| Buyback Number of Shares: | 15000000 |
| Price Type: | Open Market |
| FV: | 10 |
| Buyback Price: | ₹ 100 Per Equity Share |
Details of Buyback:
Salient financial parameters:
How to Participate in buyback?
Open market buyback.
Profit from the buyback on the bases of acceptance Ratio:
Open market buyback.
Recommendation:
Open market buyback.
6 Comments
Leave a Reply
You must be logged in to post a comment.
I believe would touch 88-90 within 1-2 months
Nava Bharat ventures buyback record date
It’s Open market and company would buy directly from market. So no tendering and no record date.
Company has started to purchase..
https://www.bseindia.com/xml-data/corpfiling/AttachLive/67875CD7-4E69-4498-8087-952076F2CD1B-161832.pdf
Open market avoid
It seems it is open market offer