Emami Buyback 2023 description – Emami is engaged in manufacturing & marketing of personal care & healthcare products with an enviable portfolio of household brand names such as BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Kesh King, Zandu Pancharishta, Mentho Plus Balm and others.
Established in 1974, the company has a portfolio of over 300 products based on ayurvedic formulations. Emami’s current operations comprise more than 60 countries in various geographies including SAARC, MENAP, SEA, Africa, Eastern Europe, and the CIS countries. Emami recorded a turnover of INR 3,192 crore, in 2021-22.
The company employs more than 3,200 people and reaches out to 49 lakh retail outlets through a network of over 2,800 distributors. It offers a consumer portfolio of more than 9 brands and 13 sub-brands.
Emami Buyback 2023 Details
| Buyback Dates | 13 April – 5 July 2023 |
| Buyback Maximum Price | INR 450 per share |
| Market Price on Buyback Approval | INR 361 per share |
| Buyback Premium on Market Price | 24.65% |
| Buyback Offer Size (Minimum Shares) | 41,33,333 shares |
| Buyback Offer Size (Maximum Amount) | INR 186 crore |
| Offer Type | Open Market (Stock Exchange) |
| Promoter Participation | No |
| Face Value | INR 1 per share |
| Listing At | BSE, NSE |
Buyback Closure Details
| Buyback Average Price | INR 398.50 per share |
| Buyback Offer Size (Shares) | 46,50,000 shares |
| Buyback Offer Size (Amount) | INR 185.30 crore |
Emami Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 21 March 2023 |
| Buyback Approval Date | 24 March 2023 |
| Public Announcement of Buyback | 28 March 2023 |
| Buyback Record Date | 12 April 2023 |
| Buyback Opening Date | 13 April 2023 |
| Buyback Closing Date | 5 July 2023 |
Emami Buyback 2023 Documents
Completion of Buyback
Public Announcement
Intimation of Record date
Board Approval
Upcoming Share Buyback
Emami Buyback Entitlement Ratio
There is no shareholder entitlement since the buyback will be conducted through open market purchases.
Emami Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Total Income | 2,655 | 2,881 | 3,192 |
| Total Expenses | 1,970 | 2,000 | 2,254 |
| Net income | 302 | 455 | 837 |
Registrar of Emami Buyback 2023
MAHESHWARI DATAMATICS PRIVATE LIMITED
23 R. N. Mukherjee Road,
5th Floor, Kolkata -700001
Tel No: (033) 22482248, 22435029
Fax: (033) 22484787
Email:Â [email protected]
Website: http://www.mdpl.in
Manager of Emami Buyback 2023
IIFL SECURITIES LIMITED
10th Floor, IIFL Centre, Kamala Mills,
Senapati Bapat Marg, Lower Parel (West)
Tel. No.: +91 22 4646 4728
Fax No.: +91 22 2493 1073
Email: [email protected]
Website: www.iiflcap.com
Process to Participate in Emami Limited Buyback
Buybacks are conducted either through a tender process or open market (stock exchanges).
Through Tender Process
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stock broker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
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.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Through Open Market (Stock Exchanges)
Investor shareholders don’t have to do anything as the company purchases shares through the open market at the prevailing rates and cancels the shares. Since the shares in circulation are reduced by these operations, the fair value of the remaining shares increase, effectively making them more valuable.
Frequently Asked Questions
What are Emami Buyback dates?
Emami share Buyback opens on 13 April 2023 and closes on 5 July 2023.
Which type of buyback is Emami Buyback offer?
Emami Buyback is an open market offer.
What is Emami Buyback price?
Emami Buyback price is INR 450 per share.
What is Emami Buyback record date?
Emami Buyback record date is 12 April 2023.
How to participate in Emami Share Buyback?
Emami share buyback will be conducted through open market purchases and thus, no special participation is required from investors.
