KPR Mill Limited Buyback 2022 Details: Opening Date, Closing Date, Buyback Price

K.P.R. Mill Ltd is India’s largest vertically integrated apparel manufacturer, producing yarn, knitted grey and dyed fabric. Mentioned are the KPR Mill Limited Buyback 2022 Details. The Board of Directors in its meeting held on 07.02.2022 proposed a buyback of 22,36,000 Equity shares of 1/-each (representing 0.65% of the total number of paid-up equity shares of the Company) from the shareholders of the Company on a proportionate basis by way of tender offer route at a price of 805 – per share for an aggregate amount of 179 Crores subject to the approval of the Shareholders by way of Postal Ballot in accordance with the provisions of the Companies Ad, 2013 and the SEBI (Buy-Back of Securities) Regulations.

KPR Mill Limited Buyback 2022 Detail
KPR Mill Limited Buyback

KPR Mill Limited Buyback 2022 Details: Opening Date, Closing Date, Buyback Price

Buyback TypeTender Offer
Buyback Record DateFeb 19, 2022
Offer Opens OnMar 25, 2022
Offer Closes OnApr 7, 2022
Buyback Offer AmountRs 179 Cr. (Approx)
Date of Board Meeting approving the proposalJan 27, 2022
Date of Public AnnouncementJan 27, 2022
Buyback Offer Size0.65%
Buyback Number of Shares2236000 (Approx)
Buyback PriceRs 805 Per Equity Share (Approx)
Face ValueRs 1 Per Equity Share
Last Date for receipt of Tender FormsApr 9, 2022
Acceptance of the BuybackApr 18, 2022
Last Date for settlment of bidsApr 19, 2022
Last Date for Extinguishment of SharesApr 26, 2022

About KPR Mill Limited

K.P.R. Mill Ltd is India’s largest vertically integrated apparel manufacturer, producing yarn, knitted grey and dyed fabrics, and ready-to-wear garments. The company relies on wind turbines to generate about 70% of its power for personal usage. In Karnataka, the company also operates a co-generation cum sugar plant.

KPR Mill is one of the largest vertically integrated, public limited – listed companies with varied business emphasis covering Yarn, Fabrics, Garments, and White Crystal Sugar, driven by High Principled Values. Over the previous 40 years, KPR has amassed a wealth of experience that has left an indelible stamp on the textile world.

The K.P.R Mill 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.

KPR Mill Limited Buyback FAQs

How to participate in K.P.R Mill 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.

What is the activity schedule for the K.P.R Mill Buyback?

At this moment, the K.P.R Mill Buyback timelines are unavailable.

What kind of repurchase does K.P.R Mill Buyback provide?

This is a Tender Offer for the K.P.R Mill Buyback.

Is the K.P.R Mill Buyback a good thing or a terrible thing?

The K.P.R Mill 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. 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.