Open Market Through Stock Exchange | ₹11,259.98 Crores | Listing at BSE, NSE | Fri, Aug 26, 2022 - Fri, Sep 9, 2022
ACC Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹2300 per share with a face value of ₹10 per share, aggregating to ₹11,259.98 crores.
The buyback opens on Aug 26, 2022 and closes on Sep 9, 2022.
ICICI Securities Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar to the Buyback.
Investors are advised to refer to the ACC Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Fri, Aug 26, 2022
Offer Closing Date
Fri, Sep 9, 2022
Buyback Price
₹2300 per share
Record Date
[.]
| Period Ended | Total Revenue | Net Worth |
|---|---|---|
| 31-Dec-19 | 15975.98 | 11546.93 |
| 31-Dec-20 | 14002.72 | 12702.37 |
| 31-Dec-21 | 16358.38 | 14312.18 |
| Amount in ₹ Crore | ||
ACC Ltd.
Cement House,
121 Maharshi Karve Road,
Mumbai – 400020
Mumbai, Maharashtra, 400020
Lead Manager(s)
Registered Broker
The ACC Limited Buyback opens on August 26, 2022, and closes on September 9, 2022.
The ACC Limited Buyback is a Open Market Through Stock Exchange.
ACC Limited Buyback Schedule
| Buyback Opening Date | August 26, 2022 |
| Buyback Closing Date | September 9, 2022 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The ACC Limited Buyback is being offered at Rs ₹2300 per share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
The ACC Limited Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹11,259.98 Crores with pricing of Rs. ₹2300 per share.
The necessity for ACC Limited Buyback is not yet declared.
Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.
The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.
The ACC Limited 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.
