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 Details: Opening Date, Closing Date, Buyback Price
|Buyback Type||Tender Offer|
|Buyback Record Date||Feb 19, 2022|
|Offer Opens On||Mar 25, 2022|
|Offer Closes On||Apr 7, 2022|
|Buyback Offer Amount||Rs 179 Cr. (Approx)|
|Date of Board Meeting approving the proposal||Jan 27, 2022|
|Date of Public Announcement||Jan 27, 2022|
|Buyback Offer Size||0.65%|
|Buyback Number of Shares||2236000 (Approx)|
|Buyback Price||Rs 805 Per Equity Share (Approx)|
|Face Value||Rs 1 Per Equity Share|
|Last Date for receipt of Tender Forms||Apr 9, 2022|
|Acceptance of the Buyback||Apr 18, 2022|
|Last Date for settlment of bids||Apr 19, 2022|
|Last Date for Extinguishment of Shares||Apr 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.