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Balrampur Chini Mills Ltd. Buyback: Record Date, Price, & Illustration 2020

Balrampur Chini Buyback

Balrampur Chini Mills Limited (‘BCML’) on its board meeting announced a buyback of shares. It is the second-largest sugar manufacturer in India, a major power in the manufacture of bottom products such as electricity (co-production) and ethanol.

BCML was merged in 1975 into a wholly-owned subsidiary of Balrampur Sugar Company Limited, later renamed Balrampur Commercial Enterprises Limited (ELBCL ‘). On February 21 and 19, Beetle transferred all employees of the Balrampur Sugar Factory, along with land, buildings, and other assets (effective July 1, 19755 into BCML). BCML became a subsidiary of BCEL from June 25, 1979 and its shares were listed on the Calcutta Stock Exchange (CSE) in 1979.

The company has a crushing capacity of 4,500 tonnes of sugarcane per day, a 360 KL distillery capacity, and a co-production capacity of 163.20 MW.

Balrampur Chini Buy Back Offer Deal:

Buyback Type:Tender Offer
Buyback Record Date:Jul 03 2020
Buyback Opening Date:Jul 20 2020
Buyback Closing Date:Jul 31 2020
Buyback Offer Amount:₹ 180
Date of Board Meeting approving the proposal:Jun 23 2020
Date of Public Announcement:Jun 23 2020
Buyback Offer Size:7.79%
Buyback Number of Shares:10000000
Price Type:Tender Offer
FV:1
Buyback Price:₹ 180 Per Equity Share

Profit & Loss consolidated figures of Balrampur Chini Mills Ltd.

Particulars( Cr)Mar-15Mar-16Mar-17Mar-18Mar-19
Sales2,9872,7573,4604,3434,286
Expenses2,8612,3462,5613,8913,597
Operating Profit126411899452689
OPM %4%15%26%10%16%
Other Income15-127-44150
Interest10267555241
Depreciation1161101059596
Profit before tax-76108735345602
Tax %24%7%19%33%4%
Net Profit-58100593232576
EPS in Rs04.0924.4910.1425.21
Dividend Payout %0%0%14%25%10%
Source: Screener.in

Profit from the buyback on the bases of acceptance Ratio of Balrampur Chini:

Buy 1111 Shares at CMP of Rs. 135 [2,00,000/180=1111)

Acceptance Ratio33%50%75%100%
Amount Invested in Buyback1,52,2221,52,2221,52,2221,52,222
No. of Shares buyback3665558331111
BuyBack Profit15738238653581947773
Profit10.34%15.68%23.53%31.38%

Company Contact Details:

Registered Office: “FMC Fortuna”, 2nd floor, 234/3A, A. J. C. Bose Road, Kolkata – 700020 CIN: L15421WB1975PLC030118 T: +91 33 2287 4749 F: +91 33 2287 3083

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