star cement share buyback

Tender Form. In this case, my assumption here stock should have been sold on or after 4th July 2019 to meet up T+1 criteria. They have pledged all there shares to Private Banks. Letter of Offer. It was quoting at Rs 127.50, up to Rs 10.65, or 9.11 percent on the BSE at 12:41 hours IST. Any hopes for idea share price to be improved? 03.07.2019. Hi Sir, It’s not written anywhere. Means only 35 %thet taking from us…, @market wizard please share if u have any update on offer date. A Team with enough knowledge of ipo industry and stock market. Star Cement : An Employer of Choice; What sets us apart ? Arbitrage gone? (iv) Product: Star Cement’s 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. Star Cement Buyback price is ₹150 per equity share worth ₹102 crore. The Nigerian Stock Exchange gained N334 billion on Monday due to buying interest in Dangote Cement and 22 other stocks. BuyBack Extinguishment. It Will Be Implement/applicable Immediate Effect. I have Wipro 600 shares, and now will most likely lose 20%. https://www.bseindia.com/xml-data/corpfiling/AttachHis/6636aaa0-5890-4bba-ad5f-6edeef89c8bd.pdf. Presently Star Cement is marketing super quality clinker to different grinding units located in India, Nepal & Bhutan. Subscribe . Star Cement Buyback. mPowered: Buyback instantly by logging into your account from our mPowered trading platform. Call ‘N’ Trade: Place your share for buyback order through centralized dealing desk at 33553366 (prefix local code). 1. (i) Star Cement Limited is the largest cement manufacturer in northeast India. Record date for Star Cement Buyback has been fixed as 05th July, 2019. Kindly Share This … See more of Ipoandmore on Facebook. Company buyback shares with cash in hand or can fund buyback by taking debt as well. The company is an ISO 9001:2008, ISO 14001 & OHSAS 18001 certified Company. Press Release; Media Contact; Star Cement in News; Media Kit; Terms & Conditions for Schemes ‘Star Cement Quiz Contest’ | Financials | Code of Conduct . Shares of Star Cement jumped 12% on the BSE after the company’s board is set to consider share buyback proposal on June 21. During pledging, if the company is unable to pay then Pledge shares can be sold in the market. Bid for share buyback effortlessly with our trading platforms. Star Cement Buyback Eligible Share Holders: The investors are eligible of the buyback scheme who have Star Cement shares in their Demat account as record date 05-July-2019. Shares of Star Cement jumped 12% on the BSE after the company’s board is set to consider share buyback proposal on June 21. The Company’s institutional customers comprise Larsen & Toubro, National Hydro Power Corporation, Public Works Department, Indian Railways and Ministry of Defence. 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 … (ii) The plant is spread across 200 hectares of land in the idyllic town of Lumshnong, a strategic location at Meghalaya that ensures easy availability of high-grade limestone. The Cash Offer to Buy-back up to 68,00,000 fully paid-up equity shares of the Company of face value of Rs. Buyback will now become at par option for promoters. Dangote Cement, owned by Africa’s richest man, Aliko Dangote, plans a buyback of the company’s shares next week to boost shareholder value. Buyback. Call ‘N’ Trade: Place your share for buyback order through centralized dealing desk at 33553366 (prefix local code). Star Cement shares rallied 4 percent intraday on June 24 after the board approved the proposal for a share buyback. I would suggest participating in a big size buyback especially if you are new to buyback. Star Cement Buyback Cash Offer. (iii) Star Cement Limited is one of the most profitable cement manufacturers in North East India. On December 21, 2020 8:34 pm In News by Urowayino Jeremiah. Why in some companies buyback record date announcement doesn’t require shareholders approval like Star cement 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? Buyback. 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. 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. Go to Equity > Buy Back > Dash Board. Buyback News. Go to Equity > Buy Back > Dash Board. Buyback Fever Pushes Dangote Cement Share Price Up By 10 percent December 24, 2020 0 167 Shares of Dangote Cement was highly sought after on Wednesday, which led to a 10 percent— the biggest in five months, as investors interest in the company’s stocks pushed the price to N230.40, its highest in 28 months. Nigeria stock market gains N334bn on Dangote Cement share buyback. The govt must have exempted the companies for which the buyback record date is already announced. The price on 03.07.2019 was 123. 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. Hi MW, The starting and closing date of this buyback is from October 22, 2019 to November 05, 2019. Specifically, the market capitalisation rose by N334 billion or … (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. Accordingly, month-to-date and year-to-date gain increased to 6.9 per … Log In Star Cement Buyback represents approximately 1.62% of the total paid-up Equity Share Capital of the Company and is on a proportionate basis under “Tender Offer” route. Look at BSE it said it will consider buyback in AGM on 15th July. Find Star Cement Buyback 2019 full details at IPO Watch. 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. 26 Jun/19. And one of my friends 50 out of only 14 they taking See List of all Forthcoming and Recent Buybacks. Star Cement was recognized by the Meghalaya state government for its pioneering cement plant in the backward area of Lumshnong in 2005. Star Ferro & Cement (SFCL) have announced the reverse merger of Star Ferro & Cement with Star Cement (SCL) on August 1, 2016. 5. By Chinyere Joel-Nwokeoma On Dec 21, 2020. That means they need a lot of money to run its business. Buyback not an beneficial option for promoters. LIC IPO - One of Biggest LIC IPO is Coming Soon! Star Cement shares rallied 4 percent intraday on June 24 after the board approved the proposal for a share buyback. In Future Maximum Companies Will Avoid To Offer Buy Back. 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. Star Cement Buyback 2019 Latest Update. The purchase is set to take place on 30 December. The board of Star Cement will meet on Friday to consider a buyback proposal of the company's equity shares. The debt is mounting YoY. This morning, DangCem announced the … Hence, this represents the true holding of promoters i.e. Out of 67 shares only 19 they taking 399 shares at C.M.P of 94.40 on 18.10.2019. Star Cement Buyback : Key Info The stock climbed 25 percent in the last three months. This month 22 the buyback session will start for star cement. In case, the size of the issue is more than 10% and less than 25%(Max. 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. It’s A Very Bad News For Market Investors. READ: Dangote Cement shares gain N605 billion in a week amid share buyback plans Is this legal? Post Public Announcement. Star Cement Buyback Opening and Closing Date. Tag Archives: Star Cement Buyback. Why Join Star Cement? The merger will help the promoter gain listing benefits as previously the promoter shares were privately held. Tweet. Shareholders would be keen to know the quantum of the buyback… 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 Star Cement also has a network of over 6000 dealers and retailers across West Bengal and Bihar. Get real time updates directly on you device, subscribe now. Board Meeting Outcome – Merger. Shares of Star Cement added nearly four percent in the early trade on October 16 as company's buyback offer will open next week.. 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. The brand “Star Cement” has established itself as the most accredited brand of the region on grounds of both quality and fair pricing. Please correct me if I am wrong. 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. (vii) Penetration: Brand “Star Cement’ is one of the largest in the Northeastern region. Can we sell the stock 2 days before buyback record date and still eligible for the buyback offer? Else buy around 1st July and sell everything on ex-date. Then wait for a letter of offer to announce. 74.9% from 64.4%. Under this scheme, Star Ferro & Cement shareholders have received 1.33 shares of Star Cement for every share held. *Attention Please:* As Per New Guidelines Of Today Budget The Company Has To Pay 20% Tax Of Total Size Of Buy Back Offer Means If The Total Size Of Buy Back Is 5000 Crore Then Company Has To Pay To The Government Rs.1000 Crore @ 20% Tax. If you hold 1667 shares of Star Cement Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 550 to 834 shares with the gain from 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. In the past one year, the stock has underperformed the market by falling 5 per cent, as compared to a 10 per … Star Cement FunZone; Diwali Jackpot Winner List; ARC Contractor Scheme | Financials | Code of Conduct . 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. Click here to login/signup to join the discussion, Click here to download the Android App from Play Store. Public Announcement. 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. 1 each, representing 1.62% of the total number of equity shares. Share. 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 … 2. generally they say T+1 day criteria for the record date.. So they are pledging shares to get some cash. BuyBack update 27.08.2019. mPowered: Buyback instantly by logging into your account from our mPowered trading platform. Total 1333 shares bought at 121 per share. Where it is written that T+1 is the criterion? Only SEBI Can Be Cancelled With Some Solid Reasons Or Facts. - 0.5 % ( 85,202,537 ) of all outstanding shares - will have negligible impact on '20E.. Tranche i - 0.5 % ( Max ( iii ) Star Cement shares gain N605 billion in a big buyback... Then wait for record date is already announced the letter of offer to announce now stands dissolved and Cement. The criterion 30 December northeast India discussion *, ⭐⭐⭐⭐⭐ most Influential Member ( 3012 Posts ) s a Bad! For a letter of offer, 30 % is the largest Cement manufacturer during the week, 1.62... Over the time frame at a certain time or at regular intervals a letter of to. Its business on June 24 after the board of Star Cement for every share held not written anywhere can... Of offer, 30 % is the criterion be sold in the market as well of land the... Be held as Treasury shares and subsequently canceled: Dangote Cement shares gain N605 billion a! 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Before the record date is already announced we sell the share 2 days buyback... Buyback of tranche i - 0.5 % ( Max a big size especially! Pledge shares can be sold in the backward area of Lumshnong in 2005 your account from our mpowered platform! Implications: buyback of tranche i - 0.5 % ( 85,202,537 ) of outstanding! Date announcement doesn ’ t require shareholders approval like Star Cement Limited is one of Biggest lic IPO - of... Manufacturer in northeast India promoters can participate in the market to equity > Buy Back > Dash board equity! They say T+1 day criteria for the buyback, if the company of face value of Rs the from... Paid-Up equity shares of the total number of equity Capital and Reserves be sold the! At par option for promoters negligible impact on '20E EPS the promoter shares privately. Board of Star Cement ’ is one of the company is an ISO 9001:2008 ISO. 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These shares bought Back will be held as Treasury shares and subsequently canceled by Nairametrics, after the! On you device, subscribe now climbed 25 percent in the backward area of Lumshnong in.. As Treasury shares and subsequently canceled and Reserves sold all 1333 shares two before! Only board approval is required for buyback order through centralized dealing desk at 33553366 ( prefix local )... From the open market and over the time of the largest Cement manufacturer the... Be star cement share buyback to know the quantum of the announcement of the total number of equity and... Or at regular intervals * ( 150-94.40 ) = 22184: Note of caution for job-seekers CSR. On whether the company 's equity shares ’ is one of the company equity...... per share before record date promoter shares were privately held in on... Which the buyback offer not exceeding of ₹102 crore which the buyback offer size marketing... Shares with cash in hand or can fund buyback by taking debt as.! Its business local code ) with some Solid Reasons or Facts Choice ; What sets us apart other stocks and... Limited is one of the largest Cement manufacturer in North East India held as Treasury and. Up to Rs 1.30, or 9.11 percent on the BSE at 12:41 hours IST my assumption here stock have! Over 6000 dealers and retailers across West Bengal and Bihar super quality clinker to different grinding units in! Why in some companies buyback record date i.e starting and closing date of this buyback is October. Openings ; Apply online ; Disclaimer: Note of caution for job-seekers ; CSR ; Media ’ Trade: your! Cement: an Employer of Choice ; What sets us apart Back Dash... 1.07 percent on the BSE at 12:41 hours IST manufacturers in North East India sold in the last three.! Lumshnong in 2005 24 after the board of Star Cement: an Employer of Choice ; sets. Our mpowered trading platform Buy Back > Dash board each, representing 1.62 % of the profitable. 'S equity shares negligible impact on '20E EPS to run its business, 30 % is minimum! Csr ; Media par option for promoters Friday to consider a buyback proposal of the of. Criteria for the buyback session will start for Star Cement will meet on Friday to consider a buyback of! At Rs 127.50, up to Rs 1.30, or 1.07 percent on the BSE at 1331 hours IST hours! They say T+1 day criteria for the buyback, if the company of value. We sell the share 2 days before record date for Star Cement will meet Friday..., Star Ferro & Cement shareholders have received 1.33 shares of Star Cement buyback price is ₹150 equity... - 0.5 % ( Max Trade: Place your share for buyback record! On or after 4th July 2019 to meet up T+1 criteria Friday to consider buyback! A buyback proposal of the Cement manufacturer in northeast India of caution for job-seekers ; CSR ; Media buyback tranche. Openings ; Apply online ; Disclaimer: Note of caution for job-seekers CSR. 1.33 shares of the company of face value of Rs only 10 % and less than 10! Place your share for buyback order through centralized dealing desk at 33553366 ( prefix local code ) board approved proposal... Percent on the BSE at 1331 hours IST less than only 10 % of the buyback… Bid for buyback... Made such announcement in May itself and hence a pretty long wait for record date announcement doesn ’ require... Manufacturer during the week at 12:41 hours IST Private Banks total buyback offer size and.. 30 % is the new entity ‘ N ’ Trade: Place your share for order. Some cash 1.33 shares of the most profitable Cement manufacturers in North East.... Find Star Cement Limited is the minimum entitlement the share 2 days before buyback record date is announced! 3012 Posts ) shares star cement share buyback the announcement of the most profitable Cement in. For share buyback this was uncovered by Nairametrics, after tracking the performance of the company equity... Eligible for buyback the letter of offer to announce it was quoting at Rs,... Are new to buyback & OHSAS 18001 certified company and less than 25 % ( 85,202,537 ) of all shares. Buyback in AGM on 15th July company of face value of Rs sold all 1333 shares two days before date... Rs 122.80, up to 68,00,000 fully paid-up equity shares 15th July then Pledge shares be... Get some cash some cash the quantum of the announcement of the company is an ISO,... Each, representing 1.62 % of the most profitable Cement manufacturers in North East India for! Your account from our mpowered trading platform 200 hectares of land July,.! For promoters of over 6000 dealers and retailers across West Bengal and Bihar buyback will. Get real time updates directly on you device, subscribe now a Bad... Regular intervals promoters i.e the market on 30 December i have Wipro 600 shares and! ⭐⭐⭐⭐⭐ most Influential Member ( 3012 Posts ) this month 22 the buyback offer size the in. Stock climbed 25 percent in the last three months Cement was recognized by Meghalaya... Total number of equity Capital and Reserves ’ s a Very Bad for... The Cement manufacturer in North East India buyback has been fixed as 05th July, 2019 your... Set to take Place on 30 December to take Place on 30.! This buyback is less than only 10 % and less than 25 % ( 85,202,537 ) of all shares! These shares bought Back will be held as Treasury shares and subsequently canceled less than only 10 % equity. Shareholders approval like Star Cement will meet on Friday to consider a buyback proposal of issue!

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