Balrampur Chini Mills Limited (‘BCML’) is the second largest sugar manufacturing company in India with a significant strength in the manufacture of downstream products like power (co-generation) and ethanol.
‘BCML’ was incorporated in 1975 as a wholly-owned subsidiary company of Balrampur Sugar Company Limited, subsequently changing its name to Balrampur Commercial Enterprises Limited (‘BCEL’). By an indenture of conveyance dated 21st February, 1976, BCEL transferred the land, building, other assets as well as the entire staff of its Balrampur sugar factory (with effect from 1st July, 1975) to BCML. BCML ceased to be a subsidiary of BCEL with effect from 25th June, 1979 and its shares were listed on the Calcutta Stock Exchange (CSE) in 1979.
Balrampur Chini Mills Limited Buy-Back Details
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Date of Board Meeting for Buyback Proposal | 05-04-2019 |
Date of Buyback Approval | 05-04-2019 |
Date Public Announcement of Buyback | 05-04-2019 |
Buyback Type | Tender Offer |
Buyback Record Date | 18-04-2019 |
Buyback Opening Date | - |
Buyback Closing Date | - |
Buyback Amount | ₹ 147.67 Cr |
Buyback Number of Share | 84,38,327 |
Buyback Price | ₹ 175 Per Share |
Face Value | ₹ 1 |
Holding Time | 3 Months |
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Profit acceptance Ratio
Buy 1142 Shares at CMP ₹ 144 [2,00,000/ 175 = 1142] |
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Acceptance Ratio | 33% | 50% | 75% | 100% |
Buy Price | ₹ 144 | ₹ 144 | ₹ 144 | ₹ 144 |
Amount Invested in Buyback | ₹ 1,64,448 | ₹ 1,64,448 | ₹ 1,64,448 | ₹ 1,64,448 |
No. of Shares Buy | 1142 | 1142 | 1142 | 1142 |
Earning Per Share | ₹ 31 | ₹ 31 | ₹ 31 | ₹ 31 |
No. of Shares Buy-Back | 377 | 571 | 857 | 1142 |
BuyBack Profit | ₹ 11682 | ₹ 17701 | ₹ 26551 | ₹ 35402 |
Profit(%) | - % | - % | - % | - % |
Balrampur Chini Mills Limited Contact Details
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Balrampur Chini Mills Limited
FMC FORTUNA 234/3A, 2nd Floor, A.J.C. Bose Road Kolkata-700 020 Tel: +91 33 2287 4749 Fax: +91 33 2287 3083 E-mail: bcml@bcml.in Website :- https://chini.com |
Registrar of Balrampur Chini Mills Limited
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