MOIL Buyback 2022 Price With Record Date and Other Details - Moil Limited Buyback

MOIL will buyback nearly 33,804,878 shares for about Rs.693 Crore. In a filing to the stock exchanges, MOIL said it will buyback percent of the fully paid-up equity shares at a price of Rs.205/- per equity share.

The Board approved the proposal of  MOIL buyback of fully paid-up equity shares of the face value of Rs.10 each of the Company for an amount not exceeding Rs.693 Crores. MOIL Buyback 2022 Size is being 14.23% 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. MOIL 2022 price is Rs.205 per Equity Share through the "tender offer" route, on a proportionate basis.

    Moil Limited Buyback

    MOIL Buyback 2022 Offer Details:

    Buyback Type: Tender Offer
    Buyback Record Date: Dec 31, 2021
    Buyback Opening Date: Jan 28, 2022
    Buyback Closing Date: Feb 10, 2022
    Buyback Offer Amount: ₹693 Crore
    Date of Board Meeting approving the proposal: Nov 10, 2021
    Date of Public Announcement: Nov 10, 2021
    Buyback Offer Size: 14.23%
    Buyback Number of shares: 33,804,878
    Price Type: Tender Route
    FV: Rs.1
    Maximum Buyback Price: ₹ 205 Per Equity Share

    Details Of MOIL Buyback

    The Board of Directors of the MOIL at its meeting held on Nov 10, 2021, has approved a proposal to buy back up to 33,804,878 Equity Shares of the Company, being 14.23% of the total paid-up equity share capital of the Company, for an aggregate amount not exceeding Rs.694 Cr. for Rs.205 per Equity Share through " Tender Route".

    MOIL Buyback Important Dates

    In this section, we have covered all important dates related to “MOIL Buyback Date”. Dates are updated as they are announced. The most noted dates are the MOIL record date and MOIL buyback open and close dates, which one should use to participate in the buyback.

    Buyback Activity Date
    Board Meeting for MOIL Buyback proposal Nov 10, 2021
    MOIL Buyback Approval date Nov 10, 2021
    Public Announcement of MOIL  Buyback Nov 10, 2021
    MOIL Buyback Record Date Dec 31, 2021
    MOIL Buyback opens on/Buyback Opening Date Jan 28, 2022
    MOIL Buyback closes on/Buyback Closing Date Feb 10, 2022
    Cut-off date to receive completed tender forms by Registrar Feb 12, 2022
    Cut-off date for verification by the Registrar Feb 17, 2022
    Cut-off date to inform Stock Exchange on acceptance or
    non-acceptance of tendered Equity Shares by Registrar
    Feb 18, 2022
    Last date of settlement of bids on the stock exchange Feb 21, 2022
    Last date to return unaccepted shares by Registrar Feb 21, 2022
    Last date of extinguishment of Equity Shares Feb 28, 2022

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


    How to Participate in MOIL buyback?

    1. Firstly to be eligible for the buyback the investor should have shares of MOIL Buyback 2022 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.
    Checkout Current MOIL Shares market price on NSE and BSE: MOIL


    Profit from the buyback on the basis of acceptance Ratio:

    Buy 975 Share at CMP of Rs.177 [2,00,000/205=975)
    Acceptance Ratio 33% 50% 75% 100%
    Amount Invested in Buyback 1,72,682 1,72,682 1,72,682 1,72,682
    No. of Shares buyback 321 487 731 975
    BuyBack Profit 8988 13636 20468 27300
    Profit% 6.29% 7.89% 11.8% 15.8%

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    About MOIL:

    MOIL is a Schedule “A” Miniratna Category-I Company. It was originally incorporated as Manganese Ore (India) Limited in the year 1962. Subsequently, the name of the Company was changed from Manganese Ore (India) Limited to MOIL Limited during the financial year 2010-11.

    MOIL was originally set up in the year 1896 as Central Province Prospecting Syndicate which was later renamed as Central Provinces Manganese Ore Company Limited (CPMO), a British Company incorporated in the UK. In 1962, as a result of an agreement between the Government of India and CPMO, the assets of the latter were taken over by the Government and MOIL was formed with 51% capital held between the Govt. of India and the State Governments of Maharashtra and Madhya Pradesh and the balance 49% by CPMO. It was in 1977, the balance 49% shareholding was acquired from CPMO and MOIL became a 100% Government Company under the administrative control of the Ministry of Steel.

    MOIL Ltd(BSE: 533286 | NSE: MOIL ) Board has approved a proposal for buyback of up to 87.66 lakh shares at Rs 240 per share, aggregating Rs 210.4 cr which is 3.29% of the total number of paid-up equity shares.


    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

    MOIL Bhawan, 1A, Katol Road,
    Nagpur - 440013,
    Nagpur - 440013, Maharashtra
    Phone: +91 712 2806208

    MOIL Buyback Registrar 

    1st Floor, Bharat Tin Works Building,
    Opp. Vasant Oasis,Makwana Road,
    Marol, Andheri(E), Mumbai - 400 059
    Phone: +91-22-6263 8200


    MOIL Buyback 2022 FAQs:

    When is MOIL Record Date?
    MOIL buyback 2022 record date is Dec 31, 2021.

    What is the MOIL Buyback Opening Date?
    MOIL buyback 2022 Opening date is Jan 28, 2022.

    What is the MOIL Buyback Closing Date?
    MOIL buyback 2022 Closing date is Feb 10, 2022.

    When is MOIL Buyback Announcement Date?
    MOIL buyback 2022 announcement Date is Nov 10, 2021.

    What is MOIL Buyback Price?
    The company has fixed the maximum price of ₹205.

    How to apply for MOIL Buyback 2022?
    As per the record date you need to have MOIL shares in your Demat account. You can participate in buyback after having the stock in your account.