Mahalaxmi Rubtech will buyback nearly 27,00,000 shares for about Rs.18.90 Crore. In a filing to the stock exchanges, Mahalaxmi Rubtech Ltd said it will buyback percent of the fully paid-up equity shares at a price of Rs.70/- per equity share.
Mahalaxmi Rubtech offers to Buyback up to a maximum of 27,00,000 fully paid-up Equity Shares of face value ₹10/- each, at a price of ₹70/- (Rupees Seventy only) per share for an aggregate maximum amount of up to ₹ 18,90,00,000 (Rupees Eighteen Crores Ninety Lacs only) which represents 20.10% and 20.15%of the fully paid-up Equity Share capital and free reserves as per the latest available audited financial statements of the Company for the financial year ended March 31, 2021, on standalone and consolidated basis, respectively through the Tender Offer process. The Equity Shares proposed to be bought back constitute 20.27% of issued, subscribed, and paid-up Equity Capital of the Company. The Letter of Offer will be sent to the Equity Shareholder(s) / Beneficial Owner(s) of Equity Shares of the Company as on the Record Date of August 27, 2021.
Mahalaxmi Rubtech Buyback 2021 Offer Details:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Aug 27, 2021|
|Buyback Opening Date:||Sep 29, 2021|
|Buyback Closing Date:||Oct 12, 2021|
|Buyback Offer Amount:||₹ 18.90 Crore|
|Date of Board Meeting approving the proposal:||Jul 09, 2021|
|Date of Public Announcement:||Aug 17, 2021|
|Buyback Offer Size:||20.27%|
|Buyback Number of shares:||27,00,000|
|Price Type:||Tender Route|
|Maximum Buyback Price:||₹ 70 Per Equity Share|
Details Of Mahalaxmi Rubtech Buyback