BHEL Buy-Back Details

One of the greatest challenges before the Government of India on attaining freedom in 1947 was to provide a strong base in infrastructure and capital goods for economic and industrial development. The Government under the leadership of Prime Minister, Pandit Jawaharlal Nehru realized that there should be a large manufacturing base and adequate technically qualified personnel for sustained economic growth.

BHEL is one of the largest engineering and manufacturing companies of its kind in India engaged in design, engineering, construction, testing, commissioning and servicing of a wide range of products and services with over 180 product offerings to meet the ever-growing needs of the core sectors of economy.

BHEL Buy-Back Details
Date of Board Meeting for Buyback Proposal	25-10-2018
Date of Buyback Approval	25-10-2018
Date Public Announcement of Buyback	25-10-2018
Buyback Type	Tender Offer
Buyback Record Date	06-11-2018
Buyback Opening Date	13-12-2018
Buyback Closing Date	27-12-2018
Buyback Amount	₹ 1628 Cr
Buyback Number of Share	18,93,36,645
Buyback Price	₹ 86 Per Share
Face Value	₹ 2
Holding Time	3 Months
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Profit acceptance Ratio Buy 2325 Shares at CMP ₹ 67 [2,00,000/86= 2325]
Acceptance Ratio	33%	50%	75%	100%
Buy Price	₹ 67	₹ 67	₹ 67	₹ 67
Amount Invested in Buyback	₹ 1,55,775	₹ 1,55,775	₹ 1,55,775	₹ 1,55,775
No. of Shares Buy	2325	2325	2325	2325
Earning Per Share	₹ 19	₹ 19	₹ 19	₹ 19
No. of Shares Buy-Back	767	1163	1744	2325
BuyBack Profit	₹ 14577	₹ 22087	₹ 33131	₹ 44175
Profit(%)	- %	- %	- %	- %

BHEL Contact Details
Website:- http://www.bhel.com

Registrar of BHEL
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