Emami Ltd will buyback nearly 29,45,454 shares for about Rs.162 Crore. In a filing to the stock exchanges, Emami Ltd said it will buyback percent of the fully paid-up equity shares at a price of Rs.550/- per equity share.
The Board approved the proposal of Emami Ltd buyback of fully paid-up equity shares of face value 1 each of the Company for an amount not exceeding Rs.162 Crores. Emami Ltd Buyback 2022 Size is being 0.66% 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. Emami Ltd 2022 price is Rs.550 per Equity Share through the "Open Market offer" route, on a proportionate basis.
Emami Ltd Buyback 2022 Offer Details:
| Buyback Type: | Open Market |
| Buyback Record Date: | NA |
| Buyback Offer Amount: | ₹162 Crore |
| Date of Board Meeting approving the proposal: | Feb 03, 2022 |
| Date of Public Announcement: | Feb 07, 2022 |
| Date of Opening: | Feb 09, 2022 |
| Date of Closing: | Aug 08, 2022 |
| Buyback Offer Size: | 0.66% |
| Buyback Number of shares: | 29,45,454 |
| Price Type: | Open Market |
| FV: | Rs.1 |
| Maximum Buyback Price: | ₹550 Per Equity Share |
Details Of Emami Ltd Buyback
The Board of Directors of the Emami Ltd at its meeting held on Feb 03, 2022, has approved a proposal to buy back up to 29,45,454 Equity Shares of the Company, being 0.66% of the total paid-up equity share capital of the Company, for an aggregate amount not exceeding Rs.162 Cr. for Rs.550 per Equity Share through " Open Market".
Emami Ltd Buyback Important Dates
In this section, we have covered all important dates related to “Emami Ltd Buyback Date”. Dates are updated as they are announced. The most noted dates are the Emami Ltd record date and Emami Ltd buyback open and close dates, which one should use to participate in the buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Emami Ltd Buyback proposal | Feb 03, 2022 |
| Emami Ltd Buyback Approval date | Feb 03, 2022 |
| Public Announcement of Buyback | Feb 07, 2022 |
| Buyback Start Date ( Commencement Date ) | Feb 09, 2022 |
| Last date for the completion of the Buy-back | Aug 08, 2022 Or When The CompanyCompletes the buyback |
Note: If anything you want to know about the buyback offer you can refer the Emami Ltd buyback offer documents. Click Here
How to Participate in v buyback?
In this method of share Buyback, the company will be purchasing stocks from existing shareholders of the company directly from the market.
Example: “Emami Ltd” announces buyback plan of its shares up to the value of Rs 550, it means that the company will be purchasing shares of "Emami Ltd" from the open market at a price not exceeding Rs.550 per share.
- Scenario 1- If the share price is below Rs.550 in that case, the company will put buy order at Current Market Price and purchase shares.
- Scenario 2- If the share price is above Rs.550, in that case, the company will put a buy order at Rs.550 only and if someone is ready to sell at Rs.550 or less then only the company will get back shares.
Checkout Current Emami Ltd Shares market price on NSE and BSE: Emami Ltd
Read Also:
- Gandhi Special Tubes Limited Buyback 2021
- R Systems International Ltd Buyback
- Shriram Pistons and Rings Ltd Buyback
About Emami Ltd:
Emami Limited is one of the leading and fastest-growing personal and healthcare businesses in India, with an enviable portfolio of household brand names such as BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Menthol Plus Balm, Fast Relief, and Kesh King.
Established in 1974, The Company has a portfolio of over 300 + products based on ayurvedic formulations. Emami's current operations comprise more than 60+ countries including. SAARC, MENAP, SEA, Africa, Eastern Europe, and the CIS countries. Over 130 Emami products are sold every second somewhere around the world. Emami Limited, the flagship company of the Group, recorded a turnover of Rs 2881 crore, in 2020-21.
Emami acquired the heritage brand Zandu in 2008 on the basis of huge business synergy between the two brand portfolios.
Emami also acquired the Ayurvedic Hair & Scalp business of "Kesh King" as a business strategy in 2015. In January 2019, the company also acquired Creme 21, a German brand with strong roots & brand recall.
In 2020, the Company forayed into the Home Hygiene Category with the launch of its EMASOL Range of Products.
The Company employs more than 3100 people, reaches out to 45 lakh plus retail outlets through a network of over 2800+ distributors, and has invested in 7 plants, 4 regional offices, 1 overseas unit, 7 overseas subsidiaries, 26 distribution centers, and 2 Associates across India.
NECESSITY OF BUYBACK By Emami Ltd
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
Emami Limited
Emami Tower
687 Anandapur, EM Bypass
Kolkata 700107
West Bengalwebsite: www.emamiltd.in/
Emami Ltd Buyback Registrar
Emami Ltd Buyback 2022 FAQs:
When is the Emami Ltd Record Date?
Emami Ltd buyback 2022 record date is NA.
What is the Emami Ltd Buyback Opening Date?
Emami Ltd buyback 2022 Opening date is Feb 09, 2022.
What is the Emami Ltd Buyback Closing Date?
Emami Ltd buyback 2022 Closing date is Aug 08, 2022.
When is Emami Ltd Buyback Announcement Date?
Emami Ltd buyback 2022 announcement Date is Feb 07, 2022.
What is Emami Ltd Buyback Price?
The company has fixed the maximum price of ₹550
How to apply for Emami Ltd Buyback 2022?
As per the record date you need to have Emami Ltd shares in your Demat account. You can participate in buyback after having the stock in your account.
