On May 23, 2023, Axita Cotton Buyback 2023 was announced. The open date for the Axita Cotton repurchase will be announced soon. The record date for Axita Cotton’s buyback is June 2, 2023. To be eligible for the buyback, the investor must purchase Axita Cotton shares before the record date.
Axita Cotton Buyback of 5.04 crores had been authorised by the board of directors on May 23, 2023. The Axita Cotton buyback will take place using the stock exchange’s Tender Offer method. The company’s board of directors authorized the buyback of its fully paid-up equity shares with a face value of 10 each at a price of 56 per Equity Share and for an aggregate total not exceeding 5.04 crores from the shareholders. Check out the particulars for Axita Cotton Buyback 2023 below: Axita Cotton Limited, located in Ahmedabad, was founded in 2013. It was created to begin the manufacture and
marketing of Seed Cotton, Cotton Seed, Cotton Seed Oil, Cotton Cake, and other products, for which 5708 square meters of land were cottonseed obtained at Chattral, Kadi Road, Mehsana. Aditya Oil Industries has 6 oil expellers installed for the production of cotton seed oil, and the company has an annual capacity of roughly 3153.6 M3T/year. After two years of making strong profits from producing and selling cotton seed oil, the promoters extended their business by adding maize oil to their product line by building maize oil production machinery on the same plot of land. In 2011, the company purchased land close to existing land in Kadi and established the cotton ginning and pressing plant, which currently has an installed capacity of processing 26280 MT of seed cotton per year. View Axita Cotton’s buyback details here.
Axita Cotton Buyback History
- This is the first Axita Cotton buyback so there is no historical data.
Axita Cotton Buyback 2023 Dates
|Buyback Meeting Date:||May 23, 2023|
|Buyback Announcement Date:||May 23, 2023|
|Buyback Record Date:||June 2, 2023|
|Last Date to Buy Shares:||May 31, 2023|
|Buyback Open Date:||2023|
|Buyback Close Date:||2023|
|Finalization of Buyback Acceptance:||2023|
Axita Cotton Buyback 2023 Offer Details
Axita Cotton buyback of 900,000 equity shares at a price of ₹56 per equity share. The buyback offers not to exceed ₹5.04 crores of the total buyback offer size.
|Offer Amount:||₹5.04 Crores|
|Number of Shares:||900,000 Equity Shares|
|Face Value:||₹10 per equity share|
|Buyback Price:||₹56 per equity share|
|Buyback Type:||Tender Offer|
|Letter of Offer:||Click Here|
Axita Cotton Buyback 2023 Acceptance Ratio
The investor should buy around [.] shares at a current market price of ₹[.] (as of date). The calculation will be ₹2,00,000 / ₹[.] buyback price = [.] shares.
|Acceptance Ratio||Investment||Shares Buyback||Profit|
Axita Cotton Financial Report
|₹ in Crores|
How to Participate in Axita Cotton Buyback 2023
The investors are eligible for the buyback scheme who have Axita Cotton shares in their Demant Account on or before May 31, 2023. Eligible Share Holders can participate in the Axita Cotton Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the Axita Cottonepted shares by the company under the Axita Cotton buyback scheme.
Axita Cotton Buyback 2023 Lead Managers
- Beeline Capital Advisors Pvt Ltd
How to Apply the Axita Cotton Buyback through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Axita Cotton”. Click on Place Order. Enter your Quantity and submit Axita Cotton Buyback Application Form.
How to Apply the Axita Cotton Buyback through Upstox?
Log in to Upstox Application with your credentials. Select the Axita Cottonount Section. You will see the Company Name “Axita Cotton”. Click on Axita Cotton Stock for Buyback. Enter your Quantity and submit Axita Cotton Buyback Application Form.
How to Apply the Axita Cotton Buyback through Axita Cotton Money?
Log in to Axita Cotton Money Application with your credentials. Select the Axita Cotton. Enter your Quantity and submit Axita Cotton Buyback Application Form.
Axita Cotton Buyback 2023 FAQs
Q1. When is Axita Cotton Buyback 2023 Record Date?
Ans. Axita Cotton buyback 2023 record date is June 2, 2023.
Q2. When is Axita Cotton Buyback 2023 Open Date?
Ans. Axita Cotton buyback 2023 open date is To be updated soon.
Q3. What is Axita Cotton Buyback 2023 Price?
Ans. The company has fixed the price at ₹56 per share.
Q4. How to apply for Axita Cotton Buyback 2023?
Ans. As per the record date you need to have Axita Cotton shares in your Demat Account. You can participate in buyback after having the stock in your Account.