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James Warren Tea Ltd Buyback 2021


James Warren Tea Ltd Buyback

TitleDetail
Company Name:James Warren Tea Ltd
Buyback Type:Tender Offer
Total Share Capital:Rs 144 Cr
Offer Amount:Rs 68.70 Cr
Offer Size:16.07%
Buyback Number of Shares:8.42 lakhs
Buyback Price:295
Approx Entry Price:270
Promoters In:Y
Buyback Approval Date:30-12-2021
Record Date:14-01-2022
Open Date:23-02-2022
Close Date:9-03-2022
Payment Date:21-03-2022
Record Date Price:266.10
Maximum Retail Quantity:751
Draft Letter of Offer:Draft Letter of Offer
Letter of Offer:Letter of Offer
Acceptance Ratio Retail:103 Equity Shares out of every 602 fully paid-up Equity Shares held on the Record Date
Acceptance Ratio Retail %:17.11
Acceptance Ratio General:38 Equity Shares out of every 239 fully paid-up Equity Shares held on the Record Date
Acceptance Ratio General %:15.90
Final Acceptance Ratio %:100%

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FAQs

The Record Date for James Warren Tea Ltd Buyback offer is 14th Jan 2022

Which means you should hold the James Warren Tea Ltd share in your demat account by closing session of 14th Jan 2022. Share purchased on and before (14th Jan 2022) - 2 business days will be available in your demat account by 14th Jan 2022.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have James Warren Tea Ltd shares at ₹270 and buyback offer price is ₹295, you can get ₹25 per accepted share. If you hold 741 shares of James Warren Tea Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 245 to 370 shares with the gain from buyback of ₹6125 to ₹9250.

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.

James Warren Tea Ltd Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%245₹6125
50%370₹9250
75%556₹13900
100%741₹18525

 

Steps to participate in James Warren Tea Ltd buyback:

  1. On Record date (14th Jan 2022) you must have share of James Warren Tea 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.

 

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: 23rd Feb 2022

Buyback closing date for James Warren Tea Ltd: 9th Mar 2022

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 .

 

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 21st Mar 2022.

 

Buyback opening date for James Warren Tea Ltd: 23rd Feb 2022

Buyback closing date for James Warren Tea Ltd: 9th Mar 2022

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 .

 


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