Cheviot Company Ltd Buyback 2020 Review

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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.

Cheviot Company Ltd Buyback Offer Details

      »»   Total Share Capital: 450.97 Cr
      »»   Face Value: 10 Per Equity Share
      »»   Buyback Offer Amount: Rs 18 Cr
      »»   Buyback Offer Size (In %): 3.09%
      »»   Buyback Number of Shares: 2 Lakh
      »»   Buyback Price: Rs 900
      »»   Promoters and Promoter Group participation:Yes
      »»   Buyback type:Tender Offer
      »»   Can I Invest today to participate in Cheviot Company Ltd buyback offer :No

Cheviot Company Ltd Buyback Important Dates

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.

    Cheviot Company Ltd buyback offer important dates
    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

Cheviot Company Ltd Share Holding Pattern as of June 2020

Stock Holding table will give you a clear picture, how many retail investor holding Cheviot Company Ltd shares, with this you can plan for participate in buyback offer. The less number of retail holding make more chance to get higher acceptance ratio in buyback under ratail category = 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 Ratio of Buyback

    For Buy back shares holders are divided in 2 categories:

    • Reserved category for Small Shareholders ("Reserved Category") - Who holds Max Rs 2 Lakhs worth of shares @Rs 700.05 per equity share - in such case Max 285 Equity Shares as of Record Date 18th Sep 2020.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Cheviot Company Ltd Ratio of Buy Back

    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%

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
James Warren Tea LtdTender OfferRs 19.836 Cr114108.70 (4.27%)18-09-2020TBDTBD
Cheviot Company LtdTender OfferRs 18 Cr900671.75 (1.68%)18-09-202022-10-202005-11-2020
Dhanuka Agritech LtdTender OfferRs 100 Cr1,000734.90 (2.64%)28-09-202020-10-202002-11-2020
RITES LtdTender OfferRs 257 Cr265239.60 (0.19%)30-09-2020TBDTBD
Magna Electro Castings LtdTender Offer7 Cr175147.40 (-0.03%)01-10-2020TBDTBD
TCSTender OfferRs 16000 Cr30002762.50 (0.87%)TBDTBDTBD
Wipro LtdTender OfferRs 9500 Cr400339.55 (-0.57%)TBDTBDTBD

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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?

Company Contact Information

CHEVIOT Company LIMITED
Magma House, 9th floor
24, Park Street
Kolkata, 700016
Tel. No.: +91-82320-87911
E-mail: [email protected]
www.groupcheviot.com

Registrar Contact Information

Maheshwari Datamatics Private Limited
23, R N Mukherjee Road,
5th Floor,
Kolkata, 700 013 India
Tel: +91-033-2248-2248
E-mail: [email protected]
Contact Person: Mr.S. Rajgopal
Request call back from

Last Updated on 2020-10-17T12:56:02+00:00


Buyback FAQs

  1. 1. What is the record date for Cheviot Company Ltd buyback offer?

    The Record Date for Cheviot Company Ltd Buyback offer is 18th Sep 2020

    Which means you should hold the Cheviot Company Ltd share in your demat account by closing session of 18th Sep 2020. Share purchased on and before (18th Sep 2020) - 2 business days will be available in your demat account by 18th Sep 2020.

     

     

  2. 2. How much I can make with Cheviot Company Ltd buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Cheviot Company Ltd shares at ₹700 and buyback offer price is ₹900, you can get ₹200 per accepted share. If you hold 286 shares of Cheviot Company Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 94 to 143 shares with the gain from buyback of ₹18800 to ₹28600.

    The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.

    Cheviot Company Ltd Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%94₹18800
    50%143₹28600
    75%214₹42800
    100%286₹57200

     

     

  3. 3. How to Participate in Cheviot Company Ltd buyback offer?

    Steps to participate in Cheviot Company Ltd buyback:

    1. On Record date (18th Sep 2020) you must have share of Cheviot Company Ltd in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
    2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
    3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

     

     

  4. 4. How many Cheviot Company Ltd share are eligible for buyback?

    Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.

     

     

  5. 5. When I need to tender Cheviot Company Ltd share for buyback?

    Buyback opening date for Cheviot Company Ltd: 22nd Oct 2020

    Buyback closing date for Cheviot Company Ltd: 5th Nov 2020

    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 9th Nov 2020.

     

     

  6. 6. When I will know how much shares accepted in Cheviot Company Ltd buyback offer?

    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 on or before 17th Nov 2020.

     

     

  7. 7. When I need to tender Cheviot Company Ltd share for buyback?

    Buyback opening date for Cheviot Company Ltd: 22nd Oct 2020

    Buyback closing date for Cheviot Company Ltd: 5th Nov 2020

    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 9th Nov 2020.

     

     

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  2020-09-11T10:48:04+00:00

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