Last updated on July 21, 2023
James Warren Buyback 2023 description – The company traces its legacy back to James Warren who planted his first tea estate near Dibrugarh in 1850. More properties were been added subsequently and Warren Tea was acquired by Govind Ruia, a prominent businessman from Manchester (UK) in 1983.
James Warren Tea has over 9, 500 employees and is spread over 4,000 hectares of land. Its estates have the ability to produce CTC and Orthodox teas and the teas are enjoyed in India and across the globe.
James Warren Tea Estates Includes:
- Balijan (H) Tea Estate
- Deamoolie Tea Estate
- Dhoedhaam Tea Estate
- Rajah Alli Tea Estate
- Thowra Tea Estate
- Zaloni Tea Estate
James Warren Share Buyback 2023 Details
| James Warren Buyback Dates | 24 – 28 July 2023 |
| James Warren Buyback Price | INR 250 per share |
| Market Price on Buyback Approval | INR 240 per share |
| Buyback Premium on Market Price | 4.17% |
| Buyback Offer Size (Shares) | 7,00,000 shares |
| Buyback Offer Size (Amount) | INR 17.50 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE |
James Warren Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 24 June 2023 |
| Buyback Approval Date | 30 June 2023 |
| Public Announcement of Buyback | 8 July 2023 |
| James Warren Buyback Record Date | 18 July 2023 |
| Buyback Opening Date | 24 July 2023 |
| Buyback Closing Date | 28 July 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 28 July 2023 |
| Verification Date by the Registrar | 1 August 2023 |
| Return of unaccepted shares by Registrar | 4 August 2023 |
| Extinguishment of accepted shares | 14 August 2023 |
James Warren Buyback 2023 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
James Warren Tea Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 7/44 | 15.91 |
| General category (for all other Eligible Shareholders) | 7/44 | 15.91 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
James Warren Tea Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 128.29 | 111.18 | 130.49 |
| Total Expenses | 100.37 | 104.26 | 128.95 |
| Net income | 28.96 | 8.25 | 9.49 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 250 |
| Maximum shares for small shareholder (2,00,000/250) | 800 shares * |
| Closing price of stock as on 30 June 2023 | INR 240** |
| Maximum amount invested in buyback (INR 240 x 800 shares) | INR 1,92,000 |
** For simplicity, we have considered price on buyback approval date
James Warren Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 800 | 128 | 128 (100%) | 1,280 | 0.67 |
| 800 | 128 | 256 (200%) | 2,560 | 1.33 |
| 800 | 128 | 384 (300%) | 3,840 | 2.00 |
Registrar of James Warren Buyback 2023
MAHESHWARI DATAMATICS PRIVATE LIMITED
23 R. N. Mukherjee Road,
5th Floor, Kolkata -700001
Tel No:Â (033) 22482248, 22435029
Fax:Â (033) 22484787
Email:Â [email protected]
Website:Â www.mdpl.in
Manager of James Warren Buyback 2023
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email:Â [email protected]
Website:Â www.fedsec.in
Process to Participate in James Warren Buyback
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 stockbroker. 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.
Frequently Asked Questions
What are James Warren buyback dates?
James Warren Tea share buyback opens on 24 July 2023 and closes on 28 July 2023.
Which type of is James Warren buyback offer?
James Warren Tea buyback is a tender offer.
What is James Warren buyback price?
James Warren buyback price is INR 250 per share.
What is James Warren buyback record date?
James Warren buyback record date is 18 July 2023.
How to participate in James Warren Tea share buyback?
James Warren Tea share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
