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Balrampur Chini Mills Limited Buy-Back Details

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
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
- -
Profit acceptance Ratio
Buy 1142 Shares at CMP ₹ 144 [2,00,000/ 175 =  1142]
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
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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