Rishiroop Ltd Buyback 2021
Formerly known as Puneet Resins Ltd., Rishiroop Ltd. is the merged entity of Puneet Resins Ltd. and Rishiroop Rubber (International) Ltd. The company is listed on the Bombay Stock Exchange.
They are the pioneers to manufacture both Chlorinated Rubber (sold under our brand name Chlorub) and Acrylonitrile Butadiene Rubber (NBR) and Poly-vinyl Chloride (PVC) polymer blends (NBR / PVC Blends – sold under its brands Vinoprene & Vinoplast) in India and are referred to as the benchmark for quality in the industry. Its products are exported across the world and it is always interested to explore new markets.
With a core competence in rubber, coatings & adhesives, the group companies today also cater to the construction, household / industrial cleaning, inks, leather auxiliaries, mining, oil and gas, paper, personal care, pharmaceuticals, plastics, poly-urethanes and textiles industries.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Sep 09 2021|
|Buyback Offer Amount:||₹ 8 Crores|
|Date of Board Meeting approving the proposal:||Aug 27 2021|
|Date of Public Announcement:||Aug 27 2021|
|Buyback Offer Size:||9.67%|
|Buyback Number of Shares:||640000|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 125 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars||Mar 16||Mar 17||Mar 18||Mar 19||Mar 20||Mar 21|
|Depreciation & Amortisations||1||1||1||0||1||0|
|Profit Before Tax||3||9||12||9||-3||38|
|Profit After Tax||2||7||8||7||-3||30|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||177600||177600||177600||177600|
|No. of Shares buyback||528||800||1200||1600|