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Balrampur Chini Announces Rs. 180 Crore Buyback Offer


Sugar manufacturing company has proposed to buyback 1 crore equity shars for an amount not over Rs. 180 crore.

The buyback will remain open from July 20 until July 31.

Balrampur Chini Announces Rs. 180 Crore Buyback Offer

It has offered to "buyback up to one crore fully paid-up equity shares of the company of face value of Rs 1 each, representing 4.55 per cent of the issued, subscribed and paid-up equity shares of the c .. ompany, from all eligible shareholders", as per the filing.

The record date has been fixed as July 3, 2020.

The buy back will take place on a proportionate basis, through the 'tender offer' process at a price of Rs 180 per equity share, payable in cash, for an aggregate maximum amount not exceeding Rs 180 crore, the filing said.

Read more about: buyback balrampur chini
Story first published: Sunday, July 12, 2020, 10:28 [IST]
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