Filatex India Buyback Date and Price

Filatex India Buyback Details: Filatex India stated on Tuesday, 29 March 2022 that its board of directors approved a share repurchase of up to Rs. 59.5 crore at Rs. 140 per share at a meeting held today. In early trading on Tuesday, Filatex India shares were trading 0.8 percent higher at Rs. 128 per share on the BSE.

42,50,000 (Forty-Two Lakh and Fifty Thousand) Equity Shares of Rs. 2/- each, representing 1.89 percent of the Company’s total existing paid-up equity capital, at a price of Rs. 140/- (Rupees One Hundred and Forty Only) per Equity Share, for an aggregate amount not exceeding Rs. 59,50,00,000/- (Rupees Fifty-Nine Crore and Fifty Lakh Only), which is 8.63.

In response to our letter no. FIL/SE/2021-22/70 dated March 29, 2022, and in accordance with Regulation 42(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 9(i) of the SEBI (Buyback of Securities) Regulations, 2018, we are writing to you today.

Other applicable provisions notwithstanding, the Company’s Board of Directors has set Friday, April 8, 2022 as the Record Date for determining eligibility and the names of Eligible Shareholders or Beneficial Owners to whom the letter of offer will be sent and who will be eligible to participate in the Company’s buyback offer.

Filatex India Buyback
Filatex India Buyback

Filatex India Buyback Details

Security NameFilatex India Limited
Buyback TypeTender Offer
Buyback Record DateApr 8, 2022
Offer Opens OnTo be announced
Offer Closes OnTo be announced
Buyback Offer AmountRs 59.50 cr.
Listing AtBSE, NSE
Buyback Offer SizeRs. 0.43 Cr.
Buyback Number of Shares6,25,000 (Approx)
Price TypeRs. 0.43 Cr.
Buyback PriceRs. 140 Per Equity Share
Face ValueRs. 2 Per Equity Share
Last Date for receipt of Tender FormsTo be announced
Acceptance of the BuybackTo be announced
Last Date for settlment of bidsTo be announced
Last Date for Extinguishment of SharesTo be announced

About Filatex India Limited Buyback

In India, Filatex India Limited produces Polyester Filament Yarn and sells items such as Monofilament Yarns for Zippers, Tooth Brush Bristles, Narrow Woven Fabrics, Polypropylene Yarn, and Forming Fabrics. In 1996, the firm opened a 6000-tonne-per-annum factory in Dadra & Nagar Haveli to produce polyester multifilament yarns, and in 2012, it opened a 600-tonne-per-day facility in Dahej, as well as a 260-tonne-per-day POY. In Maharashtra and Gujarat, the firm operates two regional offices.

Filatex India is a customer-focused company that uses cutting-edge technology and adheres to strict quality standards. The stock of the textile company has risen about 97 percent in a year, and it is up more than 31 percent so far in 2022 (year-to-date or YTD). Filatex India a customer-focused company that uses cutting-edge technology and adheres to strict quality standards.

Filatex India Buyback FAQs

When is Filatex India Buyback offer coming?

The open and close dates for Filatex India Buyback offer are currently unavailable.

Which type of buyback is Filatex India Buyback offer?

The Filatex India Buyback is a Tender Offer.

What is the schedule of activities for Filatex India Buyback?

Sorry, Filatex India Buyback timelines are currently unavailable.

What is the offer price for Filatex India Buyback offer?

Filatex India is offering a buyback at a price of Rs 140 per equity share.

Which date can I sell Filatex India Buyback shares to remain eligible for buyback?

To stay eligible for buyback, you might sell Filatex India Buyback on April 7, 2022. Filatex India Buyback has a record date of April 8, 2022.

What is the record date for Filatex India Buyback date?

The Filatex India Buyback has a record date of April 8, 2022.

What is the issue size of Filatex India Buyback?

Filatex India Buyback is a 0.43 crore equity share issue valued at Rs. 140 per share, with a total value of 59.50 crores.

Why is Filatex India Buyback necessary?

The necessity for Filatex India Buyback is not yet declared.

How do I take part in the Filatex India Buyback?

Through their Stock Broker, any eligible Shareholders of the Company owning either Physical Shares or Demat Shares as of the Record Date can participate in the repurchase offer.

The eligible shareholder must advise their broker of the information of the Equity shares they desire to tender in the Buyback Offer if they hold the shares in Demat form. The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange. Original share certificates and supporting paperwork must be presented to the broker by the qualifying shareholder who owns the shares in physical form. The broker executes an order on the stock market when document verification is completed and submits the original share certificate and TRS to the registrar.

In the case of Demat shares, the tender form and TRS are optional, while in the case of physical shares, they are required.

Is the Filatex India Buyback a good idea or a poor idea for apply?

The Filatex India Buyback provides shareholders with the opportunity to sell their stock at a higher price. If you stay invested, you will have a higher percentage of the company’s stock and higher earnings per share. To decide whether to stay invested or participate in the repurchase offer, one must first analyse the company’s fundamentals, as well as one’s needs, ambitions, and risk appetite.