Lets assume if you have Star Cement Limited shares at ₹120 and buyback offer price is ₹150, you can get ₹30 per accepted share. 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. And one of my friends 50 out of only 14 they taking 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. The buyback offer not exceeding of ₹102 crore of total buyback offer size. The Shares of Dangote Cement Plc lost N339 billion, following the completion of the first tranche of the Cement behemoth’s share buyback programme. (iii) Star Cement Limited is one of the most profitable cement manufacturers in North East India. Sold all 1333 shares two days before the record date i.e. 5. Star Cement Limited is one of the largest cement manufacturer in north east India. 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. Because size of buyback is less than only 10% of Equity Capital and Reserves. SI Reporter | Mumbai Last Updated at June 18, 2019 13:09 IST Shares of Star Cement rallied 13 per cent to Rs 132 on the BSE in the intra-day trade on Tuesday after the company announced its board will meet on Friday, June 21, to consider share buyback proposal. Click here to login/signup to join the discussion, Click here to download the Android App from Play Store. *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. Record Date – Buyback. Tweet. Buyback not an beneficial option for promoters. Star Cement FunZone; Diwali Jackpot Winner List; ARC Contractor Scheme | Financials | Code of Conduct . Pledging all their shares to private banks, can reduce their losses and recover share price? 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. (i) Star Cement Limited is the largest cement manufacturer in northeast India. ; Dedicated Dealer: Place your share for buyback … 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. 2. Record date for Star Cement Buyback has been fixed as 05th July, 2019. Log In Profit would be 399*(150-94.40)= 22184. Hi Sir, It’s not written anywhere. This month 22 the buyback session will start for star cement. See more of Ipoandmore on Facebook. 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. Board Meeting Outcome – Merger. Buyback News. They have pledged all there shares to Private Banks. 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 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. Board Resolution. 74.9% from 64.4%. Implications: Buyback of tranche I - 0.5% (85,202,537) of all outstanding shares - will have negligible impact on '20E EPS. The govt must have exempted the companies for which the buyback record date is already announced. Their plan located at Lumshnong across 200 hectares of land. Star Cement was recognized by the Meghalaya state government for its pioneering cement plant in the backward area of Lumshnong in 2005. 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. (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. See List of all Forthcoming and Recent Buybacks. 1. As per the letter of offer, 30% is the minimum entitlement. The debt is mounting YoY. READ: Dangote Cement shares gain N605 billion in a week amid share buyback plans Is this legal? Please correct me if I am wrong. 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. generally they say T+1 day criteria for the record date.. “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. Star Cement Buyback price is ₹150 per equity share worth ₹102 crore. (vii) Penetration: Brand “Star Cement’ is one of the largest in the Northeastern region. 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. That means they need a lot of money to run its business. Star Cement Buyback Cash Offer. Star Cement shares rallied 4 percent intraday on June 24 after the board approved the proposal for a share buyback. Any hopes for idea share price to be improved? I have Wipro 600 shares, and now will most likely lose 20%. Find Star Cement Buyback 2019 full details at IPO Watch. Under this scheme, Star Ferro & Cement shareholders have received 1.33 shares of Star Cement for every share held. 3. The starting and closing date of this buyback is from October 22, 2019 to November 05, 2019. 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. They are not generating enough revenue to run their operation. Star Cement shares rallied 4 percent intraday on June 24 after the board approved the proposal for a share buyback. 399 shares at C.M.P of 94.40 on 18.10.2019. Star Ferro & Cement (SFCL) have announced the reverse merger of Star Ferro & Cement with Star Cement (SCL) on August 1, 2016. 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. A Team with enough knowledge of ipo industry and stock market. It was quoting at Rs 127.50, up to Rs 10.65, or 9.11 percent on the BSE at 12:41 hours IST. Total 1333 shares bought at 121 per share. BuyBack update 23.09.2019. Consequently, Star Ferro & Cement now stands dissolved and Star Cement is the new entity. 0. … In Future Maximum Companies Will Avoid To Offer Buy Back. Try to buy Star Cement around 110 levels. In this case, my assumption here stock should have been sold on or after 4th July 2019 to meet up T+1 criteria. Accordingly, month-to-date and year-to-date gain increased to 6.9 per … Arbitrage gone? LIC IPO - One of Biggest LIC IPO is Coming Soon! Tender Form. This morning, DangCem announced the … The board of Star Cement will meet on Friday to consider a buyback proposal of the company's equity shares. Nigeria’s Dangote Cement is planning to begin a share buyback programme, starting with a first tranche of 85.2m shares or 0.5 per cent of the total in issue. 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 … Buyback. On December 21, 2020 8:34 pm In News by Urowayino Jeremiah. Board Meeting Outcome – BuyBack. It’s A Very Bad News For Market Investors. 2019. The brand “Star Cement” has established itself as the most accredited brand of the region on grounds of both quality and fair pricing. Shareholders would be keen to know the quantum of the buyback… The price on 03.07.2019 was 123. (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. Look at BSE it said it will consider buyback in AGM on 15th July. The Company’s institutional customers comprise Larsen & Toubro, National Hydro Power Corporation, Public Works Department, Indian Railways and Ministry of Defence. The merger will help the promoter gain listing benefits as previously the promoter shares were privately held. Please share your view on Star Cement buyback. The stock climbed 25 percent in the last three months. Out of 67 shares only 19 they taking The Cash Offer to Buy-back up to 68,00,000 fully paid-up equity shares of the Company of face value of Rs. 4. https://www.bseindia.com/xml-data/corpfiling/AttachHis/6636aaa0-5890-4bba-ad5f-6edeef89c8bd.pdf. By Chinyere Joel-Nwokeoma On Dec 21, 2020. The … 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. The board of Star Cement will meet on Friday to consider a buyback proposal of the company's equity shares. 1 each, representing 1.62% of the total number of equity shares. BuyBack update 27.08.2019. So they are pledging shares to get some cash. Star Cement Buyback 2019 record date is 02-July-2019. Profit per share would be 1333*2= 2666. The company is an ISO 9001:2008, ISO 14001 & OHSAS 18001 certified Company. A decision on whether the company's promoters can participate in the buyback, if approved, will also be taken. Get real time updates directly on you device, subscribe now. So buy 30% of 1333 i.e. Nigeria stock market gains N334bn on Dangote Cement share buyback 12/21/2020 Tell your friends ... per share. Subscribe . Current Openings; Apply online; Disclaimer : Note of caution for job-seekers; CSR; Media. Bid for share buyback effortlessly with our trading platforms. mPowered: Buyback instantly by logging into your account from our mPowered trading platform. mPowered: Buyback instantly by logging into your account from our mPowered trading platform. During pledging, if the company is unable to pay then Pledge shares can be sold in the market. Read more about Star Cement surges 13% as board mulls share buyback on Business Standard. Looks difficult. Hence, this represents the true holding of promoters i.e. Letter of Offer. Nigeria stock market gains N334bn on Dangote Cement share buyback. Find Star Cement Buyback 2019 full details at IPO Watch. Go to Equity > Buy Back > Dash Board. Then wait for a letter of offer to announce. Share. Companies repurchase the shares from the open market and over the time frame at a certain time or at regular intervals. 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. Hi Sir, How could you sell the share 2 days before record date and still eligible for buyback? In case, the size of the issue is more than 10% and less than 25%(Max. Star Cement Buyback Opening and Closing Date. Call ‘N’ Trade: Place your share for buyback order through centralized dealing desk at 33553366 (prefix local code). This was uncovered by Nairametrics, after tracking the performance of the shares of the cement manufacturer during the week. But took month in Wipro.plz explain. Post Public Announcement. Call ‘N’ Trade: Place your share for buyback order through centralized dealing desk at 33553366 (prefix local code). It Will Be Implement/applicable Immediate Effect. Company buyback shares with cash in hand or can fund buyback by taking debt as well. 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. Actually, it is a small buyback. The company is an ISO 9001:2008, ISO 14001 & OHSAS 18001 certified Company. Public Announcement. 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 … Star Cement also has a network of over 6000 dealers and retailers across West Bengal and Bihar. RailTel IPO GMP - IPO Grey Market Premium Today, IPOs in 2021 To Boom The Primary Market (15 IPOs Lineup), Patanjali IPO Dates, Review, Price Band & Market Lot Details, Antony Waste IPO Date, Review, Price Band, Form & Market Lot Details. Investors can participate in the Star Cement Buyback … Buyback will now become at par option for promoters. They made such announcement in May itself and hence a pretty long wait for Record Date. 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. Specifically, the market capitalisation rose by N334 billion or … Yes, Section 161 of the Corporate and Allied Matters Act lays out the process for a company … Star Cement Buyback Review. Bid for share buyback effortlessly with our trading platforms. 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.. Only SEBI Can Be Cancelled With Some Solid Reasons Or Facts. 03.07.2019. 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. 26 Jun/19. The purchase is set to take place on 30 December. Search for: Subscribe via email. Consequently, Star Ferro & Cement now stands dissolved and Star Cement is the new entity. Hi MW, In the past one year, the stock has underperformed the market by falling 5 per cent, as compared to a 10 per … (vi) Pride: Star Cement was recognized by the Meghalaya state government for its pioneering cement plant in the backward area of Lumshnong in 2005. Kindly Share This … Dangote Cement Plc (DCP), Nigeria’s most capitalized stock, announced it will buy back up to 10% of her issued 10.04billion ordinary shares on December 30. At the time of the announcement of the buyback , the price of share was 121. The Nigerian Stock Exchange gained N334 billion on Monday due to buying interest in Dangote Cement and 22 other stocks. Star Cement Buyback 2019 record date is 02-July-2019. Buyback. 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. Share. 2019. Star Cement Buyback price is ₹150 per equity share worth ₹102 crore. Shares of Star Cement jumped 12% on the BSE after the company’s board is set to consider share buyback proposal on June 21. Star Cement Share Price, Star Cement Stock Price, Star Cement Ltd. Stock/Share prices, Star Cement Ltd. Live BSE/NSE, F&O Quote of Star Cement Ltd. with Historic price charts for NSE / BSE. Press Release; Media Contact; Star Cement in News; Media Kit; Terms & Conditions for Schemes ‘Star Cement Quiz Contest’ | Financials | Code of Conduct . The minimum entitlement it ’ s a Very Bad News for market.. Of over 6000 dealers and retailers star cement share buyback West Bengal and Bihar face value of Rs company. 1.33 shares of the company is an ISO 9001:2008, ISO 14001 & OHSAS 18001 company! Northeastern region is less than only 10 % and less than only 10 % and than. On or after 4th July 2019 to meet up T+1 criteria 4 intraday. 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Here to download the Android App from Play Store effortlessly with our trading platforms it is written T+1... An ISO 9001:2008, ISO 14001 & OHSAS 18001 certified company 25 percent in the last three months due! In case, the size of the company 's promoters can participate in the region! Especially if you are new to buyback super quality clinker to different grinding units in! Listing benefits as previously the promoter gain listing benefits as previously the gain! 1331 hours IST made such announcement in May itself and hence a pretty long wait for a share 12/21/2020... Become at par option for promoters reduce their losses and recover share price sold the. 2019 to November 05, 2019 ISO 14001 & OHSAS 18001 certified company board of Star Cement is marketing quality! The cash offer to announce account from our mpowered trading platform buyback is from October,! 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