On March 18, 2023, the Godawari Power Buyback 2023 announcement was made. On April 10, 2023, the Godawari Power & Ispat Buyback will begin. The record date for the Godawari Power & Ispat Buyback is set as March 31, 2023.
To be eligible for the buyback, the investor must purchase shares in Godawari Power & Ispat before the record date. On March 18, 2023, the board of directors approved the Godawari Power & Ispat Buyback of ₹250 crores. Godawari Power & Ispat Buyback will be accomplished through the stock exchange’s Tender Offer procedure. The business’s board of directors gave its approval for the company to repurchase from the shareholders fully paid-up equity shares with a face value of ₹5 per share at a price of ₹500 per share, up to a maximum of ₹250 crores.
Godawari Power Buyback 2023 Dates
|Buyback Meeting Date:||March 18, 2023|
|Buyback Announcement Date:||March 18, 2023|
|Buyback Record Date:||March 31, 2023|
|Buyback Open Date:||April 10, 2023|
|Buyback Close Date:||April 17, 2023|
|Finalization of Buyback Acceptance:||April 21, 2023|
Godawari Power Buyback2023 Offer Details
At a price of ₹500 per equity share, Godawari Power & Ispat conducted a buyback of 50,000 equity shares. The total size of the buyback offers cannot be greater than ₹250 crores.
|Offer Amount:||₹250 Crores|
|Number of Shares:||50,00,000 Equity Shares|
|Face Value:||₹5 per equity share|
|Buyback Price:||₹500 per equity share|
|Buyback Type:||Tender Offer|
Godawari Power & Ispat Buyback 2023 Acceptance Ratio
At the market price of ₹390 as of March 17, 2023, the investor should purchase about 400 shares. ₹2,00,000 divided by the ₹500 buyback price equals 400 shares.
|Acceptance Ratio||Investment||Shares Buyback||Profit|
Godawari Power & Ispat Financial Report
|₹ in Crores||₹ in Crores||₹ in Crores|
How to Participate in Godawari Power & Ispat Buyback 2023
Investors who had Godawari Power & Ispat shares in their Demat Account before the record date are eligible for the buyback program. According to the opening form, eligible share holders can participate in the Godawari Power & Ispat Buyback 2023 scheme by selling their shares. According to the Godawari Power & Ispatepted shares by the business under the Godawari Power & Ispat buyback program, the payment would be made.
Godawari Power & Ispat Buyback 2023 Lead Managers
- Mark Corporate Advisors Private Limited
Godawari Power & Ispat Buyback 2023 FAQs
Q1. When is Godawari Power & Ispat Buyback 2023 Record Date?
Ans. The record date for the Godawari Power & Ispat buyback in 2023 is March 31, 2023.
Q2. When is Godawari Power & Ispat Buyback 2023 Open Date?
Ans. Opening Date for the Godawari Power & Ispat buyback in 2023 is April 10.
Q3. What is Godawari Power & Ispat Buyback 2023 Price?
Ans. The company has set the price at ₹500 per share.