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HEG LIMITED Buy-Back Details

The esteemed journey of the LNJ Bhilwara Group started in 1960, when the Group’s founder, Mr. L. N. Jhunjhunwala established a textile mill in Bhilwara, Rajasthan, characterizing the very beginning of the Group’s unfaltering success and prosperity. The Group has completed 50 glorious years and today that single textile mill of 1961 has expanded into several plants; the Group has strategically diversified and stands proud as a multi-products and services conglomerate.

The Group is proud to have played a pioneering role in many contemporary businesses and today, has six listed companies with impeccable financial health. Industry pioneers in many cases, the Group has also established itself as one of the top Indian business groups.The marriage of traditional values and foresight has been Group’s guiding business principle. Hence, while expanding its original business of yarn, it has moved into manufacturing fabric, technical textiles, automotive fabric, knitted and ready-to-wear garments and denim.
HEG LIMITED Buy-Back Details
Date of Board Meeting for Buyback Proposal 26-11-2018
Date of Buyback Approval 26-11-2018
Date Public Announcement of Buyback 26-11-2018
Buyback Type Tender Offer
Buyback Record Date 09-02-2019
Buyback Opening Date 08-03-2019
Buyback Closing Date 22-03-2019
Buyback Amount ₹ 750 Cr
Buyback Number of Share 13,63,636
Buyback Price ₹ 5500 Per Share
Face Value ₹ 10
Holding Time 3 Months
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Profit acceptance Ratio
Buy 36 Shares Buy at CMP ₹ 4350 [2,00,000/5500= 36]
Acceptance Ratio 33% 50% 75% 100%
Buy Price ₹ 4350 ₹ 4350 ₹ 4350 ₹ 4350
Amount Invested in Buyback ₹ 1,30,500 ₹ 1,30,500 ₹ 1,30,500 ₹ 1,30,500
No. of Shares Buy 36 36 36 36
Earning Per Share ₹ 1150 ₹ 1150 ₹ 1150 ₹ 1150
No. of Shares Buy-Back 10 15 23 30
BuyBack Profit ₹ 11385 ₹ 17250 ₹ 25875 ₹ 34500
Profit(%) - % - % - % - %
HEG LIMITED Contact Details
HEG Limited
Bhilwara Towers,
A-12 Sector 1,
Noida – 201301
NCR – Delhi
Website:- https://hegltd.com
Registrar of HEG LIMITED
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