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Oct 27, 2020 - Apr 26, 2021

Rane Brake Lining Limited Buyback (Rane Brake Buyback) Detail

Incorporated in 2004, Rane Brake Lining Limited (RBL), an ISO certified company , is in the business of manufacturing and marketing auto components . The products of RBL include safety-critical friction material products such as brake linings, disc pads, clutch facings, clutch buttons, brake shoes, and railway brake blocks for passenger cars, utility vehicles, commercial vehicles, two-wheelers, and railways.

RBL aims to establish a global presence and enhance domestic leadership by providing eco-friendly solutions. RBL has domestic market leadership in Commercial Vehicle/Passenger Car/Utility Vehicle; Two-Wheeler applications. The company is also a leading supplier of composite brake blocks to Indian railways . RBL products are routed through stringent quality norms to match customer expectations. The company exports its products to 15 countries.

As of Dec 2020, the company has four manufacturing plants located in Chennai, Hyderabad, Puducherry, and Trichy, with superior special purpose machines and modern testing facilities to ensure consistent and stringent quality requirements.

Rane Brake Buyback Detail

Issue PeriodOct 27, 2020 - Apr 26, 2021
Security NameRane Brake Lining Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹22.00 Crores
Buyback Price₹825 per share
Face Value₹10 per share
Listing AtBSE, NSE

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Crores)
31-Mar-20 31-Mar-19 31-Mar-18
Revenue from operations 470.98 513.89 482.29
Profit After Tax 34.34 36.53 35.75
Net-worth 228.82 209.77 188.21

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2020 624 523 574
Aug-2020 670 514 574
Jul-2020 605 514 549

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2020 625 521 574
Aug-2020 670 512 574
Jul-2020 605 517 549

Necessity of the Issue

The Buyback is undertaken by the company to:
(i) Reduce outstanding number of shares and consequently increase EPS assuming same profits are earned.
(ii) Effectively utilize available cash.
(iii) Improve key ratios like Return on Equity Capital.

Rane Brake Buyback Documents

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Company Contact Information

Rane Brake Lining Limited
Maithri, 132
Cathedral Road, Chennai - 600086


Phone: +91 44 2811 2472
Email: investorservices@ranegroup.com
Website: https://ranegroup.com/rbl/

Rane Brake Buyback Registrar

  1. Integrated Registry Management Services Private Limited
       2 nd Floor,
       Ramakrishna Street, North Usman Road,
       T. Nagar, Chennai - 600 017

    Phone: + 91 44 2814 0801 to 803
    Email: corpserv@integratedindia.in
    Website: http://www.integratedindia.in/

Rane Brake Buyback Manager

Lead Manager(s)

  1. Ambit Private Limited

Registered Broker

  1. Ambit Capital Private Limited
    Email: sameer.parkar@ambit.co

Find Rane Brake Buyback Latest Update

Rane Brake Buyback FAQs

The Rane Brake Buyback opens on Oct 27, 2020, and closes on Apr 26, 2021.

The Rane Brake Buyback is a Open Market Through Stock Exchange.

Rane Brake Buyback Schedule

Buyback Opening DateOct 27, 2020
Buyback Closing DateApr 26, 2021
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The Rane Brake Buyback is being offered at Rs ₹825 per share per equity share.

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

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

The Rane Brake Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹22.00 Crores with pricing of Rs.₹825 per share.

The Buyback is undertaken by the company to:
(i) Reduce outstanding number of shares and consequently increase EPS assuming same profits are earned.
(ii) Effectively utilize available cash.
(iii) Improve key ratios like Return on Equity Capital.

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 Rane Brake 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.


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