Jullundhur Motor Agency (Delhi) Ltd Buyback 2020, Buyback Price With Record Date and Other Details

Jullundhur Motor Agency (Delhi) Ltd has announced a buyback of 74,50,000 (Seventhy Four Lakh and Fifty Thousand Only ) equity shares for an aggregate amount of not more than Rs.26,82,00,000 crore with a pricing of Rs.36 per share. The proposal was approved by the board of Jullundhur Motor Agency (Delhi) Ltd. In the meeting held on 4th November.

The 74.5 lakhs equity shares counts for 24.98 % of the total paid-up equity shares of the firm given at a price of Rs.36 per share that means it is being given at a premium of 9.5% at Thursday’s closing price of Rs.32.90 on NSE. 

    Jullundhur Motor Agency (Delhi) Ltd BuyBack 2020 Offer Deal:

    Buyback Type: Tender Offer
    Buyback Record Date: December 24 2020
    Buyback Offer Amount: ₹ 26.82 Crore
    Date of Board Meeting approving the proposal: Nov 04 2020
    Date of Public Announcement: Dec 15 2020
    Buyback Offer Size: 24.98%
    Buyback Number of s: 74,50,000
    Price Type: Tender Offer
    FV: Rs. 2
    Buyback Price: ₹ 36 Per Equity Share

    Jullundhur Motor Agency (Delhi) Ltd buyback of 74.5 Lakhs equity shares which is around 24.98of all the existing number of equity shares at a price of ₹36 per equity share. The buyback offer not exceeding of ₹26.82 crore of total buyback offer size.

    Note: If anything you want to know about the buyback offer you can refer the TCS buyback offer documents. Click Here


    Jullundhur Motor Agency (Delhi) Ltd Buyback Important Dates

    Buyback ActivityDate
    Board Meeting for Jullundhur Motor Agency (Delhi) Ltd Buyback proposal04.11.2020
    Jullundhur Motor Agency (Delhi) Ltd Buyback Approval date14.12.2020
    Public Announcement of  Buyback15.12.2020
    Buyback Record Date24.12.2020
    Buyback opens on/Buyback Opening Date25.01.2021
    Buyback closes on/Buyback Closing Date08.02.2021
    Cut-off date to receive completed tender forms by Registrar10.02.2021
    Cut-off date for verification by the Registrar12.02.2021
    Cut-off date to inform Stock Exchange on acceptance or
    non-acceptance of tendered Equity Shares by Registrar
    Last date of settlement of bids on the stock exchange16.02.2021
    Last date to return unaccepted shares by Registrar16.02.2021
    Last date of extinguishment of Equity Shares23.02.2021

    About Jullundhur Motor Agency (Delhi) Ltd Company

    Jullundur Motor Agency (Delhi) Ltd. was incorporated in the year 1998. Its today's share price is 0. Its current market capitalisation stands at Rs 98.4 Cr. In the latest quarter, company has reported Gross Sales of Rs. 3619.29 Cr and Total Income of Rs.3675.07 Cr. The company's management includes Mohindar Mohan Khanna, Avinash Chander Anand, Alok Sondhi, Tanu Puri, Sanjeev Kumar, Sarvjit Sondhi, Ranjit Puri, Shuchi Arora, Deepak Arora, Virat Sondhi, Subhash Chander Vasudeva.

    It is listed on the BSE with a BSE Code of , NSE with an NSE Symbol of JMA and ISIN of INE412C01023. It's Registered office is at 458-1/16,Sohna Road,Opposite New CourtGurgaon-122001, Haryana. Their Registrars are ACC Ltd. It's auditors are Aiyar & Co, VP Vijh & Co

    How to Participate in buyback?

    1. Firstly, to be eligible for the buyback the investor should have shares of Jullundhur Motor Agency (Delhi) Ltd in demat or physical form as on record date (not announced) 2. Once you have shares in demat, you can participate in the buyback process which is opening from [Not Announced], by selling your shares through your broker on NSE or BSE.  

    3. Then on [Not Announced] the payment will be given to you for accepted shares and unaccepted shares will be returned to your demat account. 

    Jullundhur Motor Agency (Delhi) Ltd Buyback 2020 FAQs:

    When is Jullundhur Motor Agency (Delhi) Ltd Buyback Record Date?
    Jullundhur Motor Agency (Delhi) Ltd buyback 2020 record date is 24 December 2020

    When is Jullundhur Motor Agency (Delhi) Ltd Buyback announcement Date?
    Jullundhur Motor Agency (Delhi) Ltd buyback 2020 record date is 15 November 2020.

    What is Jullundhur Motor Agency (Delhi) Ltd Buyback Price?
    The company has fixed the price at ₹36

    How to apply for Jullundhur Motor Agency (Delhi) Ltd Buyback 2020?
    As per the record date you need to have TCS shares in your demat account. You can participate in buyback after having the stock in your account.