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Jute yarn and fabric maker, Cheviot Company Limited own mills in West Bengal. The company manufactures jute products and fabrics to serve the national and international markets. It also customizes jute bags for the export market at Falta Special Economic Zone in West Bengal, India. Cheviot Company is also recognized as a Trading House by the Government of India.
Cheviot Company Ltd Buyback 2020 Latest Update
Sept 11, 2020: Cheviot Company Ltd (BSE: 526817| NSE: Not Listed) board has approved a proposal for the repurchase of up to 2 Lakh (Two Lakh) shares at ₹900 (Nine hundred) per share, aggregating ₹18 Cr (Eighteen Crore) (Buyback Offer Size) that is 3.09% of total paid equity share capital.
Below is the complete details about Cheviot Company Ltd Buyback. Record date, buyback open and close dates are announce in below section.
Buyback Type: | Tender Offer |
Buyback Offer Amount: | Rs 18 Cr |
Buyback Number of Shares: | 2 Lakh |
Buyback Price: | Rs 900 |
Buyback Offer Size (In %): | 3.09% |
Total Share Capital: | 450.97 Cr |
Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Cheviot Company Ltd buyback offer? No
In this section we have covered all important dates related to Cheviot Company 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 | 8th Sep 2020 |
Buyback Approval date | 8th Sep 2020 |
Public Announcement of Buyback | 11th Sep 2020 |
Record Date | 18th Sep 2020 |
Buyback opens on/Buyback Opening Date | 22nd Oct 2020 |
Buyback closes on/Buyback Closing Date | 5th Nov 2020 |
Cut-off date to receive completed tender forms by Registrar | 9th Nov 2020 |
Cut-off date for verification by the Registrar | 11th Nov 2020 |
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
13th Nov 2020 |
Last date of settlement of bids on the stock exchange | 17th Nov 2020 |
Last date to return unaccepted shares by Registrar | 17th Nov 2020 |
Last date of extinguishment of Equity Shares | 24th Nov 2020 |
Stock Holding table gives a clear picture on retail investor holdings of Cheviot Company 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 | 74.99% |
Non-Promoter-Institutions | 4.5% |
Non-Promoter-Non-Institutions | 20.5% |
Cheviot Company Ltd Public Announcement >>Document
Cheviot Company Ltd Draft Letter of Offer >>Document
Cheviot Company Ltd Letter of Offer >>Document
Cheviot Company Ltd Post Buyback Public Announcement >>Document
Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
---|---|---|
Reserved Category | 5 Equity Share out of every 89 fully paid-up Equity Share held on the Record Date. | 5.62% |
General Category | 1 Equity Share out of every 35 fully paid-up Equity Share held on the Record Date. | 2.85% |
For Cheviot Company Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 949.66%, No. of Equity Shares reserved in Buyback was 170000 where valid bid received for retail category was 1614420 which is 949.66% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 498.78%, No. of Equity Shares reserved in Buyback was 30000 where valid bid received for retail category was 149633 which is 498.78%. Final Acceptance Ratio for Retail Investors was 5.62%.
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 | 966.40 (-1.91%) | 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 | 180.00 (6.48%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 299.20 (1.00%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 460.95 (-0.25%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
Cheviot Company 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 Cheviot Company Ltd? How can I apply in Cheviot Company Ltd Buyback offer?Last Updated on 2020-11-26T01:31:37+00:00