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 Period	Mar 10, 2021 - Sep 9, 2021
Security Name	Nava Bharat Ventures Limited
Issue Type	Open Market Through Stock Exchange
Issue Size (Amount)	₹150.00 Crores
Buyback Price	₹100 per share
Face Value	₹2 per share
Listing At	BSE, 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

Public Announcement

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

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)

Akasam Consulting Pvt. Ltd.

Registered Broker

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

Find Nava Bharat Ventures Buyback Latest Update

Nava Bharat Ventures Buyback FAQs

When is Nava Bharat Ventures Buyback offer coming?

The Nava Bharat Ventures Buyback opens on Mar 10, 2021, and closes on Sep 9, 2021.
Which type of buyback is Nava Bharat Ventures Buyback offer?

The Nava Bharat Ventures Buyback is a Open Market Through Stock Exchange.
What is the schedule of activities for Nava Bharat Ventures Buyback?

Nava Bharat Ventures Buyback Schedule

Buyback Opening Date Mar 10, 2021

Buyback Closing Date Sep 9, 2021
Last date for acceptance of shares Upon relevant pay-out by the Stock exchange
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.
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.
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.
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.
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

2. sandip patel baroda Mar 4, 2021 06:09

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.

1. Newrookie Mar 2, 2021 17:34

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.

Buyback Opening Date	Mar 10, 2021
Buyback Closing Date	Sep 9, 2021
Last date for acceptance of shares	Upon relevant pay-out by the Stock exchange