Open Market Through Stock Exchange | ₹150.00 Crores | Listing at BSE, NSE | Wed, Mar 10, 2021 - Thu, Sep 9, 2021
Nava Bharat Ventures Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹100 per share with a face value of ₹2 per share, aggregating to ₹150.00 crores.
The buyback opens on Mar 10, 2021 and closes on Sep 9, 2021.
Akasam Consulting Pvt.Ltd. is the Manager to the Buyback and Kfin Technologies Ltd. is the Registrar and R.L.P. Securities Private Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Nava Bharat Ventures Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Wed, Mar 10, 2021
Offer Closing Date
Thu, Sep 9, 2021
Buyback Price
₹100 per share
Record Date
[.]
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Income | 11,322.08 | 14,377.77 | 13,551.17 |
| Profit After Tax | 1,310.11 | 1,661.89 | 1,615.58 |
| Net Worth | 29,677.11 | 29,255.77 | 27,869.75 |
Incorporated in 1972, Nava Bharat Ventures Limited (NB Ventures) is engaged in the business of power generation and Operations & Maintenance services, ferro alloys, mining, agri-business, and health care services. With four decades in business, Nava Bharat Ventures is now a multinational company, operating in India, South East Asia, and Africa.
The company produces and supplies over 200,000 tons of ferro alloys each year and operates several power plants of 743 MW. NB Ventures also work with hundreds of sugarcane farmers to produce and process sugar as well as ethanol.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Feb-2021 | 76.25 | 57.25 | 66.22 |
| Jan-2021 | 64.71 | 57.10 | 61.99 |
| Dec-2021 | 68.85 | 50.20 | 60.70 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Feb-2021 | 76.20 | 57.15 | 65.86 |
| Jan-2021 | 64.75 | 57.20 | 62.03 |
| Dec-2021 | 68.45 | 50.20 | 60.87 |
The Buyback is undertaken by the Company to:
(i) Optimize returns to shareholders.
(ii) Enhance overall shareholder's value.
(iii) Return surplus cash to the shareholders.
(iv) To improve return on equity.
Nava Bharat Ventures Ltd.
6-3-1109/1, Nava Bharat Chambers, Rajbhavan Road,
Hyderabad- 500 082, Telangana, India
Hyderabad, Telangana, 500082
Lead Manager(s)
Registered Broker
The Nava Bharat Ventures Buyback opens on March 10, 2021, and closes on September 9, 2021.
The Nava Bharat Ventures Buyback is a Open Market Through Stock Exchange.
Nava Bharat Ventures Buyback Schedule
| Buyback Opening Date | March 10, 2021 |
| Buyback Closing Date | September 9, 2021 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Nava Bharat Ventures Buyback is being offered at Rs ₹100 per share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
The Nava Bharat Ventures Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹150.00 Crores with pricing of Rs. ₹100 per share.
The Buyback is undertaken by the Company to:
(i) Optimize returns to shareholders.
(ii) Enhance overall shareholder's value.
(iii) Return surplus cash to the shareholders.
(iv) To improve return on equity.
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 Nava Bharat Ventures 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.
