Open Market Through Stock Exchange | ₹80.89 Crores | Listing at BSE, NSE | Mon, Dec 19, 2022 - Thu, Apr 13, 2023
Bajaj Consumer Care Ltd Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹240 per share with a face value of ₹1 per share, aggregating to ₹80.89 crores.
The buyback opens on Dec 19, 2022 and closes on Apr 13, 2023.
ICICI Securities Ltd. is the Manager to the Buyback and Kfin Technologies Ltd. is the Registrar and ICICI Securities Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Bajaj Consumer Care Ltd Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Mon, Dec 19, 2022
Offer Closing Date
Thu, Apr 13, 2023
Buyback Price
₹240 per share
Record Date
[.]
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 893.66 | 956.36 | 223.13 |
| 31-Mar-22 | 931.45 | 918.6 | 169.64 |
| Amount in ₹ Crore | |||
Bajaj Consumer Care is one of the leading FMCG brands in India that brings high-quality hair care and skin care products to consumers across the world. The company's product portfolio includes Bajaj Almond Drops, Bajaj Coco Onion, Bajaj 100% coconut oil, Bajaj Brahmi Amla, and Bajaj nomarks ayurvedic among others.
The company market its personal care brands in more than 33 countries today and want to rapidly increase this reach through exports, to all 175 countries across the world, the primary focus in SAARC, Gulf & Middle East, ASEAN, and African regions and build a strong brand in North America UK, EU & establish the business in South America.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2022 | 167.55 | 151.70 | 158.52 |
| Oct-2022 | 161.95 | 145.65 | 153.97 |
| Sep-2022 | 170.45 | 152.25 | 160.81 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2022 | 168.20 | 151.85 | 158.60 |
| Oct-2022 | 161.95 | 145.55 | 154.02 |
| Sep-2022 | 170.55 | 153.10 | 160.82 |
The buyback is being undertaken for the following reason:
Bajaj Consumer Care Ltd
1231, Solitaire Corporate Park,
151 M. Vasanji Road, Chakala, Andheri East,
Mumbai 400093 Maharashtra, India
Mumbai, Maharashtra, 400093
Lead Manager(s)
Registered Broker
The Bajaj Consumer Care Buyback opens on December 19, 2022, and closes on April 13, 2023.
The Bajaj Consumer Care Buyback is a Open Market Through Stock Exchange.
Bajaj Consumer Care Buyback Schedule
| Buyback Opening Date | December 19, 2022 |
| Buyback Closing Date | April 13, 2023 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Bajaj Consumer Care Buyback is being offered at Rs ₹240 per share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
The Bajaj Consumer Care Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹80.89 Crores with pricing of Rs. ₹240 per share.
The buyback is being undertaken for the following reason:
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 Bajaj Consumer Care 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.
