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Chaman Lal Setia Exports Limited is gearing up for its buyback in 2024, and investors are keen to know the details. This article will cover everything you need to know about the Chaman Lal Setia Exports Buyback 2024, including the buyback price, record date, and how to participate.
Overview of Chaman Lal Setia Exports
Founded in 1974, Chaman Lal Setia Exports is one of India’s leading exporters of basmati rice. The company is well-known for its flagship brand, “Maharani,” and has a strong presence in the rice-growing regions of Punjab. With a commitment to quality and innovation, Chaman Lal Setia Exports has built a reputation for trust and integrity in the international market.
Chaman Lal Setia Exports Buyback 2024 Details
Key Information
| Detail | Information |
|---|---|
| Buyback Price | ₹300 per share |
| Record Date | August 19, 2024 |
| Total Buyback Amount | ₹60.24 crores |
| Number of Shares | 2,007,930 equity shares |
| Face Value | ₹2 per equity share |
| Buyback Type | Tender Offer |
| Letter of Offer: | Click Here |
Important Dates
- Buyback Meeting Date: August 6, 2024
- Buyback Announcement Date: August 6, 2024
- Last Date to Buy Shares: August 16, 2024
- Buyback Open Date: To be announced
- Buyback Close Date: To be announced
What is a Buyback?
A buyback is a process where a company repurchases its own shares from the shareholders. This is often done to increase the value of remaining shares or to return cash to shareholders. In this case, Chaman Lal Setia Exports is offering to buy back its shares at a price of ₹300 each.
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Acceptance Ratio
The acceptance ratio is the percentage of shares that a shareholder can expect to have accepted in the buyback. Here’s how it works based on different investment amounts:
| Investment Amount | Expected Shares | Acceptance Ratio | Profit |
|---|---|---|---|
| ₹148,518 | 666 shares | 100% | ₹51,282 |
| ₹148,518 | 500 shares | 75% | ₹38,500 |
| ₹148,518 | 333 shares | 50% | ₹25,641 |
| ₹148,518 | 220 shares | 33% | ₹16,940 |
To determine how many shares you can buy back, you can use the following formula:
How to Participate in the Buyback
Eligible shareholders can participate in the Chaman Lal Setia Exports buyback through the following steps:
- Check Eligibility: Ensure you own shares as of the record date (August 19, 2024).
- Contact Your Broker: If you hold shares in demat form, inform your broker about the number of shares you wish to tender.
- Tender Shares:
- For Demat Shares: Transfer the tendered shares to the clearing corporation’s special account.
- For Physical Shares: Present your original share certificates and supporting documents to your broker.
- Broker Submission: Your broker will place the buyback order on the stock exchange and submit the necessary documents to the registrar.
Financial Performance
Chaman Lal Setia Exports has shown steady financial growth over the years. Here’s a brief overview of its financial performance:
| Year | Total Income (₹ Crores) | Total Expenses (₹ Crores) | Net Income (₹ Crores) |
|---|---|---|---|
| 2022 | 932.49 | 844.06 | 64.98 |
| 2023 | 1,387.35 | 1,235.75 | 117.67 |
| 2024 | 1,355.63 | 1,203.60 | 115.64 |
In Summary
The Chaman Lal Setia Exports Buyback 2024 presents a great opportunity for investors looking to sell their shares at a premium price. With a buyback price of ₹300 per share and a total buyback amount of ₹60.24 crores, this initiative reflects the company’s strong financial position and commitment to returning value to its shareholders.
Make sure to mark your calendars for the important dates and ensure your eligibility to participate in this buyback. If you have any further questions, consult your financial advisor or broker for assistance.
Chaman Lal Setia Exports Buyback 2024 – FAQs
1. Ensure you own shares as of the record date.
2. Inform your broker about the number of shares you wish to tender.
3. Follow your broker’s instructions for submitting your shares for the buyback.
