Nava Bharat Ventures Limited Buyback (Nava Bharat Ventures Buyback) Detail

Mar 10, 2021 - Sep 9, 2021

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.

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Nava Bharat Ventures Buyback Detail

Issue PeriodMar 10, 2021 - Sep 9, 2021
Security NameNava Bharat Ventures Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹150.00 Crores
Buyback Price₹100 per share
Face Value₹2 per share
Listing AtBSE, NSE

Company Financials

Summary of financial Information (standalone)
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

Stock Market Data (for preceding 3 months)

BSE

Month High Price Low Price Average Price
Feb-2021 76.25 57.25 66.22
Jan-2021 64.71 57.1 61.99
Dec-2021 68.85 50.2 60.7

NSE

Month High Price Low Price Average Price
Month High Price Low Price Average Price
Feb-2021 76.2 57.15 65.86
Jan-2021 64.75 57.2 62.03
Dec-2021 68.45 50.2 60.87

Necessity of the Issue

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 Buyback Documents

Nava Bharat Ventures Buyback Rating

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Company Contact Information

Nava Bharat Ventures Limited
6-3-1109/1, Nava Bharat Chambers, Rajbhavan Road,
Hyderabad- 500 082, Telangana, India


Phone: +91 40 23403501
Email: investorservices@nbv.in
Website: https://www.nbventures.com/

Nava Bharat Ventures Buyback Registrar

  1. KFintech Private Limited
       Selenium Building, Tower-B, Plot No 31 & 32,
       Financial District,Nanakramguda, Serilingampally,
       Rangareddi, Telangana India - 500 032.

    Phone: 1-800-3454001
    Email: shyam.kumar@kfintech.com
    Website: https://karisma.kfintech.com/

Nava Bharat Ventures Buyback Manager

Lead Manager(s)

  1. Akasam Consulting Pvt. Ltd.

Registered Broker

  1. R.L.P. Securities Private Limited
    Email: rlp_vpir@yahoo.com

Nava Bharat Ventures Buyback FAQs

  1. When is Nava Bharat Ventures Buyback offer coming?

    The Nava Bharat Ventures Buyback opens on Mar 10, 2021, and closes on Sep 9, 2021.

  2. Which type of buyback is Nava Bharat Ventures Buyback offer?

    The Nava Bharat Ventures Buyback is a Open Market Through Stock Exchange.

  3. What is the schedule of activities for Nava Bharat Ventures Buyback?

    Nava Bharat Ventures Buyback Schedule

    Buyback Opening DateMar 10, 2021
    Buyback Closing DateSep 9, 2021
    Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange
  4. What is the offer price for Nava Bharat Ventures Buyback offer?

    The Nava Bharat Ventures Buyback is being offered at Rs ₹100 per share per equity share.

  5. In what ratio is the Nava Bharat Ventures Buyback offered?

    There is no ratio applicable in case of open market offer through stock exchange mechanism.

  6. What is the record date for Nava Bharat Ventures Buyback offer?

    There is no concept of record date in case of open market through stock exchange mechanism.

  7. What is the issue size of Nava Bharat Ventures Buyback?

    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.

  8. What is the necessity for Nava Bharat Ventures Buyback?

    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.


2 Comments

sandip patel baroda
2. sandip patel baroda  Mar 4, 2021 06:09 I Like It. | Report Abuse Reply 0
As in past 2019 buyback offer, this stock will not move up to the level of 100, at least up to September 2021. It is confirmed.
Newrookie
1. Newrookie  Mar 2, 2021 17:34 I Like It. | Report Abuse Reply 0
Refer 2019 buy back of this company. After announcement of the Open market share buy back, prices went down instead of rising up. It might be completely company operator driven.


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