JAMES WARREN TEA will buyback nearly 8,42,717 shares for about Rs.24.86 Crore. In a filing to the stock exchanges, JAMES WARREN TEA Limited said it will buyback percent of the fully paid-up equity shares at a price of Rs.295/- per equity share.
The Board approved the proposal of JAMES WARREN TEA buyback of fully paid-up equity shares of face value Rs.10 each of the Company for an amount not exceeding Rs.24.86 Crores. JAMES WARREN TEA Limited Buyback 2022 Size is being 16.07% of the aggregate of the total paid-up Equity Share capital and free reserves of the Company based on the latest standalone and consolidated audited financial statements of the Company respectively as of March 31, 2021. JAMES WARREN TEA 2022 price is Rs.295 per Equity Share through the "tender offer" route, on a proportionate basis.
JAMES WARREN TEA Buyback 2022 Offer Details:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Jan 14, 2022 |
| Buyback Opening Date: | 2022 |
| Buyback Closing Date: | 2022 |
| Buyback Offer Amount: | ₹24.86 Crore |
| Date of Board Meeting approving the proposal: | Dec 30, 2021 |
| Date of Public Announcement: | Jan 4, 2022 |
| Buyback Offer Size: | 16.07% |
| Buyback Number of shares: | 8,42,717 |
| Price Type: | Tender Route |
| FV: | Rs.10 |
| Maximum Buyback Price: | ₹295 Per Equity Share |
Details Of JAMES WARREN TEA Buyback
The Board of Directors of the JAMES WARREN TEA at its meeting held on Nov 29, 2021, has approved a proposal to buy back up to 8,42,717 Equity Shares of the Company, being 16.07% of the total paid-up equity share capital of the Company, for an aggregate amount not exceeding Rs.24.86 Cr, for Rs.295 per Equity Share through " Tender Route".
JAMES WARREN TEA Buyback Important Dates
In this section, we have covered all important dates related to “JAMES WARREN TEA Buyback Date”. Dates are updated as they are announced. The most noted dates are the JAMES WARREN TEA record date and JAMES WARREN TEA buyback open and close dates, which one should use to participate in the buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for JAMES WARREN TEA Buyback proposal | Nov 29, 2021 |
| JAMES WARREN TEA Buyback Approval date | Dec 30, 2021 |
| Public Announcement of JAMES WARREN TEA Buyback | Jan 4, 2022 |
| JAMES WARREN TEA Buyback Record Date | Jan 14, 2022 |
| JAMES WARREN TEA Buyback opens on/Buyback Opening Date | 2022 |
| JAMES WARREN TEA Buyback closes on/Buyback Closing Date | 2022 |
| Cut-off date to receive completed tender forms by Registrar | 2022 |
| Cut-off date for verification by the Registrar | 2022 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar |
2022 |
| Last date of settlement of bids on the stock exchange | 2022 |
| Last date to return unaccepted shares by Registrar | 2022 |
| Last date of extinguishment of Equity Shares | 2022 |
Note: If anything you want to know about the buyback offer you can refer the JAMES WARREN TEA buyback offer documents. Click Here
How to Participate in JAMES WARREN TEA buyback?
- Firstly to be eligible for the buyback the investor should have shares of JAMES WARREN TEA Buyback 2022 in Demat or physical form as on record date [Not Announced].
- 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.
- Then on [Not Announced], the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Checkout Current JAMES WARREN TEA Shares market price on NSE and BSE: JAMES WARREN TEA
Profit from the buyback on the basis of acceptance Ratio:
Buy 44 Shares at CMP of Rs.3857 ( 2,00,000/4500=44)| Acceptance Ratio | 33% | 50% | 75% | 100% |
|---|---|---|---|---|
| Amount Invested in Buyback | 1,71,422 | 1,71,422 | 1,71,422 | 1,71,422 |
| No. of Shares buyback | 15 | 22 | 33 | 44 |
| BuyBack Profit | 9645 | 14146 | 21219 | 28292 |
| Profit | 5.6% | 8.25% | 12.37% | 16.5% |
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About JAMES WARREN TEA:
James Warren Tea is engaged in growing, harvesting, manufacturing, and selling tea products. The company has 6 tea estates situated in diverse locations in the State of Assam: (i) Balijan Tea Estate (ii) Deamoolie Tea Estate (iii) Dhoedaam Tea Estate (iv) Rajah Alli Tea Estate (v) Thowra Tea Estate (vi) Zaloni Tea Estate. The company has around 9,500 employees and the company's tea states cover almost 4000 Hectares of land. The company has strong quality control and supplies to all the major parts in India.NECESSITY OF BUYBACK By JAMES WARREN TEA
2.1 The Buyback is being proposed by the Company to service the equity more efficiently. Additionally, the Company’s management strives to increase equity shareholders value and the Buyback would result in amongst other things
a) The Buyback is being done to return surplus funds, after taking into account the strategic and operational cash needs of the Company in the short to medium term
b) The Buyback may help in improving earnings per share, return on equity, by a reduction in the equity base, thereby leading to a long term increase in shareholders’ value;
c) The Buyback gives an option to the equity shareholders, who can either
(i) choose to participate and get cash in place of Equity Shares to be accepted under the Buyback; or
(ii) choose to not participate and enjoy a resultant increase in their percentage shareholding, post the Buyback, without additional investment;
d) The Buyback, which is being implemented through the Tender Offer as prescribed under the Buyback Regulations, shall be from its existing securities holders on a proportionate basis per the provisions of Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018: provided that fifteen percent of the number of securities which the Company proposes to Buyback or number of securities entitled as per their shareholding, whichever is higher, shall be reserved for small shareholders.
Company Contact Information
Dhoedaam Tea Estate,P.O. Borahapjan, Dist. Tinsukia,Assam - 786150Phone: 91-33-40341000Email: sec@jwtl.inWebsite: https://www.jameswarrentea.com/
JAMES WARREN TEA Buyback Registrar
6, Mangoe Lane,2nd Floor, Kolkata-700 001Phone: 033 22435029 / 22482248Email: mdpldc@yahoo.comWebsite: http://www.mdpl.in
JAMES WARREN TEA Buyback 2022 FAQs:
When is JAMES WARREN TEA Record Date?
JAMES WARREN TEA buyback 2022 record date is Jan 14, 2022.
What is the JAMES WARREN TEA Buyback Opening Date?
JAMES WARREN TEA buyback 2022 Opening date is not announced yet.
What is the JAMES WARREN TEA Buyback Closing Date?
JAMES WARREN TEA buyback 2022 Closing date is not announced yet.
When is JAMES WARREN TEA Buyback Announcement Date?
JAMES WARREN TEA buyback 2022 announcement Date is Jan 4, 2022.
What is JAMES WARREN TEA Buyback Price?
The company has fixed the maximum price of ₹295
How to apply for JAMES WARREN TEA Buyback 2022?
As per the record date you need to have JAMES WARREN TEA shares in your Demat account. You can participate in buyback after having the stock in your account.
