Oriental Carbon & Chemicals Limited Buyback Offer 2018
Oriental Carbon & Chemicals Limited is as much a people driven company as it is a technology driven one. It is on these cornerstones that OCCL has been able to build its standing and reputation in the Industry. Today OCCL, belonging to JP Goenka Group of companies, is one of the market leaders in the production of Insoluble Sulphur for the Tyre and Rubber industry around the world both in terms of quality as well as quantity. The company is oriented towards growth in a socially and environmentally sustainable manner. It has state of the art manufacturing facilities in India at Dharuhera (Harayana) and at Mundra (Gujarat). Apart from Insoluble Sulfur OCCL also manufacture Sulphuric Acid and Oleums in our chemical complex at Dharuhera. Starting in 1994 with modest capacities of 3000 mt per annum capacity, The production capacity of Insoluble Sulphur now stands at 28,500 Mt per annum with new capacities slated to be added in near future.
“Diamond Sulf” the brand under which our Insoluble sulphur is sold is synonymous with quality Insoluble sulphur in which it is the undisputed leader in India. Our strong belief in quality at each production stage has helped OCCL to be widely accepted around the world as a preferred vendor by leading tyre companies. This has also made it possible to control and develop products to serve various requirements. Diamond Sulf is offered in various grades to satisfy diverse compounding requirements of Tire companies. The company today offers the widest range of Insoluble Sulphur in the world. This allows our customers to choose the grade which best suits their requirement . Custom made grades are also offered to meet some specific performance requirements.
They have all necessary systems in place to ensure timely deliveries and technical services. They have an office and a warehouse in Germany to facilitate distribution of their products in Europe. They can make their products reach their customers easy and fast. THEIR products are REACH compliant and the registration process has already been completed.
With well equipped lab in place, Their research and development team is constantly experimenting, evolving and innovating to make their products better performing and more stable. They take pride in consistently working on enhancing the performance of Their products and setting a new paradigm in Their product’s performance. Widely appreciated by leading tyre manufactures for experience and innovation in it’s product range OCCL is now looking at a brighter and sustainable future.
Buy Back Offer Deal:
|Buyback Type:||Open Market|
|Buyback Opening Date:||Nov 14 2018|
|Buyback Closing Date:||Apr 12 2019|
|Buyback Offer Amount:||₹ 1150|
|Date of Board Meeting approving the proposal:||Nov 01 2018|
|Date of Public Announcement:||Nov 01 2018|
|Buyback Offer Size:||9.60%|
|Buyback Number of Shares:||3,04,347|
|Buyback Price:||₹ 1150 Per Equity Share|
Details of Buyback:
Shareholding Pattern Pre and Post buyback:
|Equity Shares||%||Equity Shares||%|
|(A) Promoters and Promoter Group||5,150,675||50.03||5,150,675||51.55|
|(Cl) Shares underlyin DRs||--,||--||--||--|
|(C2) Shares held by Employee Trust||--||--|
|(C) Non Promoter-Non Public||--||--|