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Title | Detail |
---|---|
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% |
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.
% Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
---|---|---|
33% | 245 | ₹6125 |
50% | 370 | ₹9250 |
75% | 556 | ₹13900 |
100% | 741 | ₹18525 |
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: 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 .