Jullundur Motor Agency Buyback FAQ's

Jullundur Motor Agency Buyback Detail
Offer Opens On Jan 25, 2021
Offer Closes On Feb 8, 2021
Issue Size (Shares) 0.75 Crores
Issue Size (Amount) ₹26.82 Crores
Buyback Price ₹36 per Share
Listing At NSE

Jullundur Motor Agency Buyback Date & Price FAQs

  • What is Jullundur Motor Agency Buyback price?

    The Jullundur Motor Agency Buyback price is set at Rs 36 Per Share. The Jullundur Motor Agency Buyback opens on Jan 25, 2021 and closes on Feb 8, 2021.

  • How do I get the Tender Form for Jullundur Motor Agency Buyback?

    The Tender Form is a part of the Letter of Offer. It is sent via email to the eligible shareholders on their registered email ids with the depositories/the Company.

    In case the email id is not registered, the Tender form/Letter of Offer is sent via registered post/speed post/courier to the eligible shareholders as on record date.

    Alternatively, the Tender Form and Letter of Offer can also be accessed from the websites of the Company, the Registrar to the Buyback, the Stock Exchanges, or the Manager to the Buyback.

  • Where can I get the Letter of Offer for Jullundur Motor Agency Buyback?

    The Letter of Offer for Jullundur Motor Agency Buyback can be download here.

  • How to participate in for Jullundur Motor Agency Buyback?

    All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

    The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

    The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

    The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

  • Why is Jullundur Motor Agency Buyback coming up with buyback?

    Necessity of the Issue:

    The Buyback is undertaken by the Company to:
    i) Return surplus cash to its equity shareholders that are
    over and above its ordinary capital requirements and in excess of any current investment plans.
    ii) Improve financial ratios like earnings per share (EPS) and return on equity (ROE) by reducing the equity base of the Company

  • Is Jullundur Motor Agency Buyback good or bad?

    The Jullundur Motor Agency Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one’s need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.


Comments

Add a public comment...








Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App