Started with the first tea plantation in India in 1850 by James Warren, James Warren Tea Ltd is renowned for having the best quality of plants. The company was acquired by Indian origin-British citizen Govind Ruia in 1983 to produce CTC and Orthodox teas which are enjoyed in India and across the globe. The company employee manpower of more than 9,500 people and its estates are spread over 4,000 hectares of land which are located in the high-quality belt of the South Bank in Upper Assam.
James Warren Tea Ltd Buyback 2020 Latest Update
Sept 14, 2020: James Warren Tea Ltd (BSE: 538564 | NSE: Not Listed) board has approved a proposal for the repurchase of up to 17.40 Lakh (Seventeen Lakh Forty Thousand) shares at ₹114 (One Hundred and Fourteen) per share, aggregating ₹19.836 Cr (Nineteen Crore Eighty-Three Lakh Sixty Thousand) (Buyback Offer Size) that is 24.93% of total paid equity share capital.
»» Total Share Capital: Rs 79.21
»» Face Value: 10 Per Equity Share
»» Buyback Offer Amount: Rs 19.836 Cr
»» Buyback Offer Size (In %): 24.93%
»» Buyback Number of Shares: 17.40 Lakhs
»» Buyback Price: Rs 114
»» Promoters and Promoter Group participation: Yes
»» Buyback type: Tender Offer
»» Can I Invest today to participate in James Warren Tea Ltd buyback offer? : No
In this section we have covered all important dates related to James Warren Tea 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.
|Board Meeting for Buyback proposal||25th Jul 2020|
|Buyback Approval date||25th Jul 2020|
|Public Announcement of Buyback||14th Sep 2020|
|Record Date||18th Sep 2020|
|Buyback opens on/Buyback Opening Date||Not Yet Announced|
|Buyback closes on/Buyback Closing Date||Not Yet Announced|
|Cut-off date to receive completed tender forms by Registrar||Not Yet Announced|
|Cut-off date for verification by the Registrar||Not Yet Announced|
|Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar||Not Yet Announced|
|Last date of settlement of bids on the stock exchange||Not Yet Announced|
|Last date to return unaccepted shares by Registrar||Not Yet Announced|
|Last date of extinguishment of Equity Shares||Not Yet Announced|
Stock Holding table gives a clear picture on retail investor holdings of James Warren Tea 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 %|
James Warren Tea Ltd Public Announcement >>Document
James Warren Tea Ltd Draft Letter of Offer >>Document
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|
|James Warren Tea Ltd||Tender Offer||Rs 19.836 Cr||114||111.00 (0.00%)||18-09-2020||TBD||TBD||Cheviot Company Ltd||Tender Offer||Rs 18 Cr||900||702.45 (-4.43%)||18-09-2020||22-10-2020||05-11-2020||Dhanuka Agritech Ltd||Tender Offer||Rs 100 Cr||1,000||735.80 (3.09%)||28-09-2020||20-10-2020||02-11-2020||RITES Ltd||Tender Offer||Rs 257 Cr||265||239.40 (0.19%)||30-09-2020||27-10-2020||10-11-2020||Magna Electro Castings Ltd||Tender Offer||7 Cr||175||159.85 (2.17%)||01-10-2020||27-10-2020||10-11-2020||KIOCL Limited||Tender Offer||155.92 Cr||110||113.00 (4.63%)||30-10-2020||TBD||TBD||TCS||Tender Offer||Rs 16000 Cr||3000||2664.85 (1.18%)||TBD||TBD||TBD||Wipro Ltd||Tender Offer||Rs 9500 Cr||400||340.65 (0.92%)||TBD||TBD||TBD|
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Detail Article on Benefit from buyback offer >> ReadJames Warren Tea 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 James Warren Tea Ltd? How can I apply in James Warren Tea Ltd Buyback offer?
Last Updated on 2020-09-15T04:42:38+00:00
The Record Date for James Warren Tea Ltd Buyback offer is 18th Sep 2020
Which means you should hold the James Warren Tea 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.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have James Warren Tea Ltd shares at ₹112 and buyback offer price is ₹114, you can get ₹2 per accepted share. If you hold 1786 shares of James Warren Tea Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 589 to 893 shares with the gain from buyback of ₹1178 to ₹1786.
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.
|% Share Accepted||No of Shared Accepted||Gain from Buyback Offer|
Steps to participate in James Warren Tea Ltd 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.
Buyback opening date for James Warren Tea Ltd: Not Yet Announced
Buyback closing date for James Warren Tea Ltd: Not Yet Announced
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 Not Yet Announced.
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 Not Yet Announced.
Money will be directly deposited in your registered bank account with broker. Usually money will be deposited on and after Not Yet Announced, which is last date of settlement of bids on the Stock Exchange.
In case of physical share holding, you will get a cheque.