LIC IPO - One of Biggest LIC IPO is Coming Soon! Profit per share would be 1333*2= 2666. Investors can participate in the Star Cement Buyback … Its output is marketed through a network of over 6000 dealers and retailers across the North East, resulting in the largest market share in North East India. Star Cement Buyback price is ₹150 per equity share worth ₹102 crore. The board of Star Cement is scheduled to meet on June 21 to decide on a proposed buyback, which the company says would increase the liquidity position of its shareholders. Go to Equity > Buy Back > Dash Board. 399 shares at C.M.P of 94.40 on 18.10.2019. Star Cement also has a network of over 6000 dealers and retailers across West Bengal and Bihar. Find Star Cement Buyback 2019 full details at IPO Watch. Star Ferro & Cement (SFCL) have announced the reverse merger of Star Ferro & Cement with Star Cement (SCL) on August 1, 2016. Search for: Subscribe via email. They are not generating enough revenue to run their operation. Lets assume if you have Star Cement Limited shares at ₹120 and buyback offer price is ₹150, you can get ₹30 per accepted share. Sold all 1333 shares two days before the record date i.e. Dangote Cement Plc shares gained N605 billion in just a week amid positive sentiment on the floor of the Nigerian Stock Exchange, following the news of the company’s share buyback plans. 26 Jun/19. permitted in a buyback) a Special Resolution is required which is passed either in EGM or through AGM or Postal Ballot and hence such issues take much longer to announce record Date. Star Cement buyback of 68,00,000 equity shares which is around 1.62% of all the existing number of equity shares at a price of ₹150 per equity share. Share. generally they say T+1 day criteria for the record date.. On December 21, 2020 8:34 pm In News by Urowayino Jeremiah. Date of Board Meeting approving the proposal. Companies repurchase the shares from the open market and over the time frame at a certain time or at regular intervals. … Please share your view on Star Cement buyback. Out of 67 shares only 19 they taking I would suggest participating in a big size buyback especially if you are new to buyback. The company also added 0.67 MTPA cement unit in Meghalaya, 2.0 MTPA cement unit in Sonapur (Guwahati) and 2 grinding units in West Bengal with a total capacity of 0.67 MTPA ( though trading agreement), aggregating an installed capacity of 4.3 MTPA. The … Also, the All-Share Index which opened at 36,804.75 appreciated by 638.65 points or 1.74 per cent to close at 37,443.40. READ: Dangote Cement shares gain N605 billion in a week amid share buyback plans Is this legal? Get real time updates directly on you device, subscribe now. This morning, DangCem announced the … Specifically, the market capitalisation rose by N334 billion or … Star Cement Buyback. (vi) Pride: Star Cement was recognized by the Meghalaya state government for its pioneering cement plant in the backward area of Lumshnong in 2005. I have Wipro 600 shares, and now will most likely lose 20%. The purchase is set to take place on 30 December. It Will Be Implement/applicable Immediate Effect. It’s A Very Bad News For Market Investors. (vii) Penetration: Brand “Star Cement’ is one of the largest in the Northeastern region. Now There Are Full Chances Of Cancellation Of Buy Back Except Wipro Because As Per Law Once The Record Date Passed Then That Buy Back Offer Legally Can Not Be Withdraw/cancel. Star Cement Ltd 21st June, 2019, has unanimously approved a proposal to Buy- Back up to 68,00,000 fully paid-up Equity Shares of Re.1/- each of the Company (representing 1.62% of the total Equity Capital) from all the Equity shareholders of the Company on a proportionate basis through the “Tender Offer” route using the Stock Exchange Mechanism as prescribed under the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 2018 (“the Buy- Back … Hi Sir, How could you sell the share 2 days before record date and still eligible for buyback? So buy 30% of 1333 i.e. Nigeria stock market gains N334bn on Dangote Cement share buyback. Only SEBI Can Be Cancelled With Some Solid Reasons Or Facts. General assumption I have for buyback offer- number of stocks available in demat account at the end of record date are eligible for this offer. Hence, this represents the true holding of promoters i.e. (v) Plant: Star Cement’s 1.0 MTPA integrated cement plant at Lumshnong (Meghalaya) is proximate to key raw material reserves of limestone, coal, and shale. The cement maker had cash and cash equivalent of N176.7bn ($449.9m) on its books as of September, its third quarter financial statement showed. The product range includes Ordinary Portland Cement (OPC 43-Grade) and (OPC 53-Grade) and Portland Pozzolana Cement (PPC), Portland Slag Cement (PSC) and Anti Rust Cement (ARC) in line with evolving customer needs. (iii) Star Cement Limited is one of the most profitable cement manufacturers in North East India. The Company’s institutional customers comprise Larsen & Toubro, National Hydro Power Corporation, Public Works Department, Indian Railways and Ministry of Defence. Read more about Star Cement surges 13% as board mulls share buyback on Business Standard. Hi MW, Shares of Star Cement added nearly four percent in the early trade on October 16 as company's buyback offer will open next week.. They have pledged all there shares to Private Banks. “Dangote Cement shareholders seeking to participate in Tranche I of the share buyback programme are hereby advised to contact their stockbrokers or any other independent professional adviser registered as a capital market operator by the SEC for further guidance on submission of trades on The NSE’s trading platform,” it added. So they are pledging shares to get some cash. Go to Equity > Buy Back > Dash Board. This was uncovered by Nairametrics, after tracking the performance of the shares of the cement manufacturer during the week. Star Cement Buyback Cash Offer. The company, on June 21, said it approved a proposal to buy back up to 68 lakh shares at a price of Rs 150 per share, for an aggregate consideration not exceeding Rs 102 crore. Post Public Announcement. Star Cement shares rallied 4 percent intraday on June 24 after the board approved the proposal for a share buyback. The starting and closing date of this buyback is from October 22, 2019 to November 05, 2019. Company buyback shares with cash in hand or can fund buyback by taking debt as well. Tag Archives: Star Cement Buyback. Under this scheme, Star Ferro & Cement shareholders have received 1.33 shares of Star Cement for every share held. Hi Sir, It’s not written anywhere. Buyback not an beneficial option for promoters. However, we estimate an improvement of c.11.1% to our 2021E EPS forecast, assuming management completes the full 10% buyback programme over the next 12 months. Share Price, Corporate Actions, Valuation, Research Report, Financials and more - complete track record of Star Cement Ltd. From India's independent mutual fund research house Pledging all their shares to private banks, can reduce their losses and recover share price? And one of my friends 50 out of only 14 they taking Dangote Cement had revealed that it would be undertaking the tranche-1 of its share buy-back programme on December 30-31, 2020, after obtaining shareholders’ nod to … Star Cement rose 8.69% to Rs 127 at 13:31 IST on BSE after the company said its board will meet on 21 June 2019 to consider buyback of equity shares. Buyback; Brand Campaign; Careers. Yes, Section 161 of the Corporate and Allied Matters Act lays out the process for a company … Star Cement was recognized by the Meghalaya state government for its pioneering cement plant in the backward area of Lumshnong in 2005. Letter of Offer. Tender Form. Press Release; Media Contact; Star Cement in News; Media Kit; Terms & Conditions for Schemes ‘Star Cement Quiz Contest’ | Financials | Code of Conduct . The buyback offer not exceeding of ₹102 crore of total buyback offer size. Star Cement Limited is one of the largest cement manufacturer in north east India. June 26, 2019 Buyback Review Star Cement Buyback [email protected] Star Cement has informed the stock exchanges that the meeting of the Board of Directors of the Company is scheduled on 21/06/2019 to consider Buy-back of fully paid-up equity shares of theRead More… Leave a comment. BuyBack update 27.08.2019. Implications: Buyback of tranche I - 0.5% (85,202,537) of all outstanding shares - will have negligible impact on '20E EPS. Image Business News. As per the letter of offer, 30% is the minimum entitlement. In Future Maximum Companies Will Avoid To Offer Buy Back. 2019. I use to sell the stocks a day before record date, so that it will be debited from my demat account only after record date. Event: Dangote Cement (DangCem) begins share buyback programme . 03.07.2019. Call ‘N’ Trade: Place your share for buyback order through centralized dealing desk at 33553366 (prefix local code). The govt must have exempted the companies for which the buyback record date is already announced. Consequently, Star Ferro & Cement now stands dissolved and Star Cement is the new entity. Star Cement Buyback : Key Info Star Cement shares rallied 10 percent intraday on June 18 after the company planned to propose share buyback in the forthcoming board meeting later this week. This was uncovered by Nairametrics, after tracking the performance of the shares of Dangote Cement Plc on the floor of the Nigerian Stock Exchange, from last Friday, 18th December 2020 and Thursday, 24th … Shareholders would be keen to know the quantum of the buyback… Accordingly, month-to-date and year-to-date gain increased to 6.9 per … Arbitrage gone? It was quoting at Rs 127.50, up to Rs 10.65, or 9.11 percent on the BSE at 12:41 hours IST. BuyBack Extinguishment. In case, the size of the issue is more than 10% and less than 25%(Max. ; Dedicated Dealer: Place your share for buyback … Actually, it is a small buyback. Looks difficult. Tweet. 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