James Warren established his first tea estate nearby Dibrugarh in 1850, and this is where the company’s history begins. More estates were then added, and Govind Ruia, a well-
known businessman from Manchester (UK), bought Warren Tea in 1983. James Warren Tea employs around 9,500 people and spans 4,000 hectares of land. Its estates can produce CTC and Orthodox teas, which are popular in India and around the world. James Warren Tea Estates Includes:
- Balijan (H) Tea Estate
- Deamoolie Tea Estate
- Dhoedhaam Tea Estate
- Rajah Alli Tea Estate
- Thowra Tea Estate
- Zaloni Tea Estate
James Warren Share Buyback 2023 Details
| James Warren Buyback Dates | Coming soon |
| James Warren Buyback Price | INR 250 per share |
| Market Price on Buyback Approval | INR 240 per share |
| Buyback Premium on Market Price | 4.17% |
| Buyback Offer Size (Shares) | 7,00,000 shares |
| Buyback Offer Size (Amount) | INR 17.50 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE |
James Warren Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 24 June 2023 |
| Buyback Approval Date | 30 June 2023 |
| Public Announcement of Buyback | 8 July 2023 |
| James Warren Buyback Record Date | 18 July 2023 |
| Buyback Opening Date | Coming soon |
| Buyback Closing Date | Coming soon |
| Cut-off Date to receive completed tender forms by Registrar | Coming soon |
| Verification Date by the Registrar | Coming soon |
| Return of unaccepted shares by Registrar | Coming soon |
| Extinguishment of accepted shares | Coming soon |
James Warren Tea Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
|---|---|---|
| Small Shareholders | ||
| (less than INR 2 Lakh on record date) | – | 25.19 |
| General category | ||
| (for all other Eligible Shareholders) | – | – |
James Warren Tea Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
|---|---|---|---|
| Revenue | 128.29 | 111.18 | 130.49 |
| Total Expenses | 100.37 | 104.26 | 128.95 |
| Net income | 28.96 | 8.25 | 9.49 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 250 |
| Maximum shares for small shareholder (2,00,000/250) | 800 shares * |
| Closing price of stock as on 30 June 2023 | INR 240** |
| Maximum amount invested in buyback (INR 240 x 800 shares) | INR 1,92,000 |
James Warren Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
|---|---|---|---|---|
| 800 | 202 | 202 (100%) | 2,020 | 1.05 |
| 800 | 202 | 404 (200%) | 4,040 | 2.10 |
| 800 | 202 | 606 (300%) | 6,060 | 3.16 |
Company Contact Information
James Warren Teo Limited
12, Pretoria Street, Kolkata – 700071
Phone: +91-33-40341000
Email: [email protected]
Website: https://www.jameswarrentea.com
James Warren Teo Buyback 2023 Registrar
Maheshwari Datamatics Pvt. Ltd
Maheshwari Datamatics Pvt. Ltd, 6, Mangoe Lane, 2nd Floor, Kolkata-700 001
Phone: 033 22435029 / 22482248
Email: [email protected]
Website: http://www.mdpl.in
James Warren IPO FAQs:
Q1. What are James Warren buyback dates?
Ans. James Warren Tea share buyback opens on 2023 and closes on 2023.
Q2. Which type of is James Warren buyback offer?
Ans. James Warren Tea buyback is a tender offer.
Q3. What is James Warren buyback price?
Ans. James Warren buyback price is INR 250 per share.
Q4. What is James Warren buyback record date?
Ans. James Warren buyback record date is 18 July 2023.
Q5. How to participate in James Warren Tea share buyback?
Ans. James Warren Tea share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
