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Mar 10, 2021 - Sep 9, 2021

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

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.

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 price at BSE (in preceding 3 months)

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

Stock price at NSE (in preceding 3 months)

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. KFin Technologies Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    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

Find Nava Bharat Ventures Buyback Latest Update


2 Comments

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  
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.