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Incorporated in 1940, Amrit Corp Ltd formerly known as Amrit Banaspati Company Ltd. Amrit Copr has various businesses including edible oils, writing & printing paper, dairy milk & milk products, real estate and services to emerge as a diversified conglomerate.
The company has seprated its business units under different portfolio. the paper business is managed under ABC Paper Ltd. The edible oils & FMCG commodities business is managed under Amrit Enterprises Ltd.Amrit Corp Ltd has UHT dairy milk, flavoured mik, dairy mixes and milk/milk based products and Real Estate i.e. development of residential township, commercial spaces, hospitality services and group housing complexes.
June 25th, 2020: Amrit Corp Ltd (BSE:507525| NSE:) board has approved a proposal for buyback of up to 1.75 lakhs shares at Rs 825 per share, aggregating Rs 14.44 Cr (Buyback Offer Size) which is 5.45% of total paid-up equity share capital.
Below is the complete details about Amrit Corp Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 14.44 Cr |
| Buyback Number of Shares: | 1.75 Lakhs |
| Buyback Price: | Rs 825 |
| Buyback Offer Size (In %): | 5.45% |
| Total Share Capital: | Rs 231.35 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Amrit Corp Ltd buyback offer? No
In this section we have covered all important dates related to Amrit Corp Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 22nd Jun 2020 |
| Buyback Approval date | 23rd Jun 2020 |
| Public Announcement of Buyback | 24th Jun 2020 |
| Record Date | 3rd Jul 2020 |
| Buyback opens on/Buyback Opening Date | 16th Jul 2020 |
| Buyback closes on/Buyback Closing Date | 29th Jul 2020 |
| Cut-off date to receive completed tender forms by Registrar | 31st Jul 2020 |
| Cut-off date for verification by the Registrar | 6th Aug 2020 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
6th Aug 2020 |
| Last date of settlement of bids on the stock exchange | 7th Aug 2020 |
| Last date to return unaccepted shares by Registrar | 7th Aug 2020 |
| Last date of extinguishment of Equity Shares | 14th Aug 2020 |
Stock Holding table gives a clear picture on retail investor holdings of Amrit Corp Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 0.0% |
| Promoter-Indian | 74.86% |
| Non-Promoter-Institutions | 2.49% |
| Non-Promoter-Non-Institutions | 22.64 |
Amrit Corp Ltd Public Announcement >>Document
Amrit Corp Ltd Draft Letter of Offer >>Document
Amrit Corp Ltd Letter of Offer >>Document
Amrit Corp Ltd Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 81 Equity Shares out of every 334 Equity Shares held on the Record Date | 24.25 |
| General Category | 8 Equity Shares out of every 167 Equity Shares held on the Record Date | 4.79% |
For Amrit Corp Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 5.92%, No. of Equity Shares reserved in Buyback was 1,48,750 where valid bid received for retail category was 25,10,662 which is 5.92% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 100%, No. of Equity Shares reserved in Buyback was 26,250 where valid bid received for retail category was 6,819 which is 100%. Final Acceptance Ratio for Retail Investors was 100%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 985.20 (6.44%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 169.05 (2.45%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 296.25 (-0.60%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 462.10 (0.35%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Amrit Corp Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Amrit Corp Ltd? How can I apply in Amrit Corp Ltd Buyback offer?Last Updated on 2020-08-20T08:39:12+00:00
