National Aluminium Company (Nalco) Buyback 2021: The board of directors of the company in their meeting held on January 27, 2021, has inter-alia approved…buyback of not exceeding 13,02,79,083 (Thirteen Crore Two Lakh Seventy Nine Thousand Eighty-Three) fully paid-up equity shares..at a price of Rs 57.50 per equity share…in cash for an aggregate consideration not exceeding Rs 749,10,47,273 (Rupees Seven Hundred Forty-Nine Crore Ten Lakh Forty-Seven Thousand Two Hundred Seventy-Three only, ” Nalco said in a BSE filing.
National Aluminium Company Limited (NALCO) is a Navratna CPSE under Ministry of Mines. It was established on 7th January, 1981, with its registered office at Bhubaneswar. The Company is a group ‘A’ CPSE, having integrated and diversified operations in mining, metal and power. The Company registered net-profit of Rs. 138 crore and sales turnover of Rs. 8,426 crore in financial year 2019-20. The export earnings have been recorded at Rs. 3,511 crore. Presently, Government of India holds 51.5% equity of NALCO.
NALCO is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in the Country. The Company has a 68.25 lakh TPA Bauxite Mine & 21.00 lakh TPA (normative capacity) Alumina Refinery located at Damanjodi in Koraput district of Odisha, and 4.60 lakh TPA Aluminium Smelter & 1200MW Captive Power Plant located at Angul, Odisha. NALCO has bulk shipment facilities at Vizag port for export of Alumina/Aluminium and import of caustic soda and also utilizes the facilities at Kolkata and Paradeep Ports. The Company has registered sales offices in Delhi, Kolkata, Mumbai, Chennai and Bangalore and 9 operating stockyards at various locations in the Country to facilitate domestic marketing.
National Aluminium Company (Nalco) Buyback Offer Deal 2021
|BuyBack Period||Feb 25 2021 to Mar 10 2021|
|Offer Amount||₹ 749 Crores|
|Offer Price||₹ 57.50 Per Equity Share|
|BuyBack Record Date||Feb 08, 2021|
|Date of Public Announcement||Jan 27 2021|
|Buyback Number of Shares||13,02,79,083|
|Face Value||₹ 05|
|Book Running Lead Manager||IDBI Capital Markets & Securities Limited|
|Registrar||KFin Technologies Pvt. Ltd.|
|Contact person name number and Email id||Mr. M. Murali Krishna|
Profit & Loss Consolidated Figures Of National Aluminium Company (Nalco)
|Profit before tax||2113||1189||964||2039||2741||224||303|
|EPS in Rs||5.13||3.05||3.45||6.94||9.29||0.73||1.02|
|Dividend Payout %||34.00%||65.00%||81.00%||82.00%||62.00%||205.00%|
Profit from the buyback on the bases of acceptance Ratio:
Buy 3478 Shares (2,00,000/57.50=3478) at CMP of Rs. 48 approx (Closing Price on 27th Jan, 2021) [Expected Acceptance Ratio: 5-10%]
|Amount Invested in Buyback||166944||166944||166944||166944|
|No. of Shares buyback||1148||1739||2609||3478|
How to Participate in buyback?
- Firstly, to be eligible for the buyback the investor should have shares of National Aluminium Company (Nalco) Buyback 2021 in Demat or physical form as on record date [08.02.2021]
- Once you have shares in Demat, you can participate in the buyback process which is opening from [Feb 25 2021 to Mar 10 2021], by selling your shares through your broker on NSE or BSE.
- Then on [March 19 2021] the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
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