The stock climbed 25 percent in the last three months. Buyback. Lets assume if you have Star Cement Limited shares at ₹120 and buyback offer price is ₹150, you can get ₹30 per accepted share. Out of 67 shares only 19 they taking 2. Its output is marketed through a network of over 6000 dealers and retailers across the North East, resulting in the largest market share in North East India. NSE Gains N334bn on Dangote Cement Share Buyback. Shares of Star Cement jumped 12% on the BSE after the company’s board is set to consider share buyback proposal on June 21. Star Cement rose 8.69% to Rs 127 at 13:31 IST on BSE after the company said its board will meet on 21 June 2019 to consider buyback of equity shares. Shares of Star Cement added nearly four percent in the early trade on October 16 as company's buyback offer will open next week.. It Will Be Implement/applicable Immediate Effect. Dangote Cement, owned by Africa’s richest man, Aliko Dangote, plans a buyback of the company’s shares next week to boost shareholder value. Bid for share buyback effortlessly with our trading platforms. Total 1333 shares bought at 121 per share. 0. The purchase is set to take place on 30 December. The govt must have exempted the companies for which the buyback record date is already announced. In this case, my assumption here stock should have been sold on or after 4th July 2019 to meet up T+1 criteria. Go to Equity > Buy Back > Dash Board. Star Cement Buyback price is ₹150 per equity share worth ₹102 crore. Board Meeting Outcome – Merger. So they are pledging shares to get some cash. Get real time updates directly on you device, subscribe now. Means only 35 %thet taking from us…, @market wizard please share if u have any update on offer date. Else buy around 1st July and sell everything on ex-date. In case, the size of the issue is more than 10% and less than 25%(Max. Star Cement shares rallied 4 percent intraday on June 24 after the board approved the proposal for a share buyback. Dangote Cement Plc (DCP), Nigeria’s most capitalized stock, announced it will buy back up to 10% of her issued 10.04billion ordinary shares on December 30. This month 22 the buyback session will start for star cement. Then wait for a letter of offer to announce. The product range includes Ordinary Portland Cement (OPC 43-Grade) and (OPC 53-Grade) and Portland Pozzolana Cement (PPC), Portland Slag Cement (PSC) and Anti Rust Cement (ARC) in line with evolving customer needs. 2019. Look at BSE it said it will consider buyback in AGM on 15th July. The company is an ISO 9001:2008, ISO 14001 & OHSAS 18001 certified Company. Consequently, Star Ferro & Cement now stands dissolved and Star Cement is the new entity. This was uncovered by Nairametrics, after tracking the performance of the shares of Dangote Cement Plc on the floor of the Nigerian Stock Exchange, from last Friday, 18th December 2020 and Thursday, 24th … At the time of the announcement of the buyback , the price of share was 121. Image Business News. Star Ferro & Cement (SFCL) have announced the reverse merger of Star Ferro & Cement with Star Cement (SCL) on August 1, 2016. Nigeria stock market gains N334bn on Dangote Cement share buyback 12/21/2020 Tell your friends ... per share. Pledging all their shares to private banks, can reduce their losses and recover share price? Star Cement Ltd 21st June, 2019, has unanimously approved a proposal to Buy- Back up to 68,00,000 fully paid-up Equity Shares of Re.1/- each of the Company (representing 1.62% of the total Equity Capital) from all the Equity shareholders of the Company on a proportionate basis through the “Tender Offer” route using the Stock Exchange Mechanism as prescribed under the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 2018 (“the Buy- Back … Specifically, the market capitalisation rose by N334 billion or … Bid for share buyback effortlessly with our trading platforms. BuyBack update 23.09.2019. (iv) Product: Star Cement’s product range includes Ordinary Portland Cement (OPC 43-Grade) and (OPC 53-Grade) and Portland Pozzolana Cement (PPC), Portland Slag Cement (PSC) and Anti Rust Cement (ARC) in line with evolving customer needs. Profit per share would be 1333*2= 2666. (vii) Penetration: Brand “Star Cement’ is one of the largest in the Northeastern region. General assumption I have for buyback offer- number of stocks available in demat account at the end of record date are eligible for this offer. The cement maker had cash and cash equivalent of N176.7bn ($449.9m) on its books as of September, its third quarter financial statement showed. 1 each, representing 1.62% of the total number of equity shares. See List of all Forthcoming and Recent Buybacks. Find Star Cement Buyback 2019 full details at IPO Watch. Try to buy Star Cement around 110 levels. permitted in a buyback) a Special Resolution is required which is passed either in EGM or through AGM or Postal Ballot and hence such issues take much longer to announce record Date. This was uncovered by Nairametrics, after tracking the performance of the shares of the cement manufacturer during the week. 1. mPowered: Buyback instantly by logging into your account from our mPowered trading platform. By Chinyere Joel-Nwokeoma On Dec 21, 2020. Buyback. Star Cement Limited Buyback 2019 Review - TopShareBrokers By Admin - 10/15/2019 11:43:17 PM; Indiabulls Ventures Limited Buyback 2019 Review By Admin - 10/12/2019 12:28:29 AM; Kaveri Seed Company Ltd Buyback 2019 By Admin - 9/24/2019 10:31:54 PM; NIIT Ltd Buyback 2019 Review - TopShareBrokers By Admin - 8/13/2019 11:30:23 PM; Smartlink Holdings Ltd Buyback 2019 Review - … SI Reporter | Mumbai Last Updated at June 18, 2019 13:09 IST Shares of Star Cement rallied 13 per cent to Rs 132 on the BSE in the intra-day trade on Tuesday after the company announced its board will meet on Friday, June 21, to consider share buyback proposal. Investors can participate in the Star Cement Buyback … And one of my friends 50 out of only 14 they taking During pledging, if the company is unable to pay then Pledge shares can be sold in the market. 74.9% from 64.4%. Public Announcement. They are not generating enough revenue to run their operation. Check out the latest share buyback in 2020 with buyback … They have pledged all there shares to Private Banks. June 21th, 2019 :Star Cement Limited (BSE:540575 | NSE:STARCEMENT) board has approved a proposal for purchase of up to 68 lakh shares at Rs 150 per share, aggregating Rs 102 Cr (Buyback Offer Size) that … Buyback not an beneficial option for promoters. Presently Star Cement is marketing super quality clinker to different grinding units located in India, Nepal & Bhutan. As per the letter of offer, 30% is the minimum entitlement. The company, on June 21, said it approved a proposal to buy back up to 68 lakh shares at a price of Rs 150 per share, for an aggregate consideration not exceeding Rs 102 crore. A decision on whether the company's promoters can participate in the buyback, if approved, will also be taken. Post Public Announcement. Record Date – Buyback. Star Cement buyback of 68,00,000 equity shares which is around 1.62% of all the existing number of equity shares at a price of ₹150 per equity share. Event: Dangote Cement (DangCem) begins share buyback programme . Star Cement Buyback Eligible Share Holders: The investors are eligible of the buyback scheme who have Star Cement shares in their Demat account as record date 05-July-2019. The buyback offer not exceeding of ₹102 crore of total buyback offer size. “Dangote Cement shareholders seeking to participate in Tranche I of the share buyback programme are hereby advised to contact their stockbrokers or any other independent professional adviser registered as a capital market operator by the SEC for further guidance on submission of trades on The NSE’s trading platform,” it added. That means they need a lot of money to run its business. 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