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.
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
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| 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] |
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| 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
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Registrar of HEG LIMITED
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