Posted on 6th Jun 2017
by Vijay Jain
May 23rd 2017 - The J.B. Chemicals & Pharmaceuticals Limited board of directors has approved the proposal of buy back of 12.5 lakhs shares worth 5000 lakh.
Buy back price of J.B. Chemicals & Pharmaceuticals Limited share has been finalized Rs 400 per Share.
May 25th 2017 – The Equity Shareholders of the Company approved the Buyback offer.
May 25th 2017 – Company Officially announced the buyback offer.
Detail Article on Benefit from buyback offer >> Read
If you hold J.B. Chemicals & Pharmaceuticals Limited shares around Rs 340 where offer price is Rs 400, you can get Rs 60 per accepted share. If you hold 580 share of J.B. Chemicals & Pharmaceuticals Limited and in proportionate acceptance is between 33% to 50%, in such case you are eligible to sell your 195 to 390 share with the gain from buy back can be Rs 11,700 to Rs 23,400.
Record Date for J.B. Chemicals & Pharmaceuticals Limited Buyback offer – June 2nd 2017
To participate in J.B. Chemicals & Pharmaceuticals Limited buyback offer, record date is June 2nd 2017 which means you should hold the J.B. Chemicals & Pharmaceuticals Limited share in your demat account by closing session of June 2nd 2017. Share purchased on and before May 31st 2017 will be available in your demat account by June 2nd 2017.
Retail Investor can sell upto Rs 200,000 worth of shares.
Buyback opening date for J.B. Chemicals & Pharmaceuticals Limited Shares: 18 July 2017
Buyback closing date for J.B. Chemicals & Pharmaceuticals Limited Shares: 24 Jult 2017
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by 24 July 2017.
As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar – by TBD.
Money will be directly deposit in your registered bank account. Usually money will be deposited on and after 25 July 2017, which is last date of settlement of bids on the Stock Exchange.
In case of physical shares holding, you will get a check.
Rejected share will be available in your demat account and ready for trading in open market. – by 25 July 2017.
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