(v) Plant: Star Cement’s 1.0 MTPA integrated cement plant at Lumshnong (Meghalaya) is proximate to key raw material reserves of limestone, coal, and shale. Star Cement was recognized by the Meghalaya state government for its pioneering cement plant in the backward area of Lumshnong in 2005. 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 Buyback Cash Offer. Call ‘N’ Trade: Place your share for buyback order through centralized dealing desk at 33553366 (prefix local code). … Dangote says these shares bought back will be held as Treasury Shares and subsequently canceled. The starting and closing date of this buyback is from October 22, 2019 to November 05, 2019. Star Cement Buyback : Key Info 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. Tag Archives: Star Cement Buyback. By Chinyere Joel-Nwokeoma On Dec 21, 2020. Can we sell the stock 2 days before buyback record date and still eligible for the buyback offer? Tender Form. Now There Are Full Chances Of Cancellation Of Buy Back Except Wipro Because As Per Law Once The Record Date Passed Then That Buy Back Offer Legally Can Not Be Withdraw/cancel. RailTel IPO GMP - IPO Grey Market Premium Today, IPOs in 2021 To Boom The Primary Market (15 IPOs Lineup), Patanjali IPO Dates, Review, Price Band & Market Lot Details, Antony Waste IPO Date, Review, Price Band, Form & Market Lot Details. BuyBack Extinguishment. Star Cement shares rallied 4 percent intraday on June 24 after the board approved the proposal for a share buyback. 0. BuyBack update 27.08.2019. And one of my friends 50 out of only 14 they taking Star Cement Buyback Review. Out of 67 shares only 19 they taking 2019. Only SEBI Can Be Cancelled With Some Solid Reasons Or Facts. Company buyback shares with cash in hand or can fund buyback by taking debt as well. Star Cement : An Employer of Choice; What sets us apart ? In the past one year, the stock has underperformed the market by falling 5 per cent, as compared to a 10 per … Looks difficult. Star Cement shares rallied 4 percent intraday on June 24 after the board approved the proposal for a share buyback. Star Cement Buyback Opening and Closing Date. 3. The Company’s institutional customers comprise Larsen & Toubro, National Hydro Power Corporation, Public Works Department, Indian Railways and Ministry of Defence. Hi MW, Consequently, Star Ferro & Cement now stands dissolved and Star Cement is the new entity. Bid for share buyback effortlessly with our trading platforms. Click here to login/signup to join the discussion*, ⭐⭐⭐⭐⭐ Most Influential Member (3012 Posts). Read more about Star Cement surges 13% as board mulls share buyback on Business Standard. The merger will help the promoter gain listing benefits as previously the promoter shares were privately held. Buyback. Hi Sir, How could you sell the share 2 days before record date and still eligible for buyback? Star Cement Buyback represents approximately 1.62% of the total paid-up Equity Share Capital of the Company and is on a proportionate basis under “Tender Offer” route. I use to sell the stocks a day before record date, so that it will be debited from my demat account only after record date. Check out the latest share buyback in 2020 with buyback … Post Public Announcement. However, we estimate an improvement of c.11.1% to our 2021E EPS forecast, assuming management completes the full 10% buyback programme over the next 12 months. 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 … 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 … Dangote Cement had revealed that it would be undertaking the tranche-1 of its share buy-back programme on December 30-31, 2020, after obtaining shareholders’ nod to … Shares of Star Cement jumped 12% on the BSE after the company’s board is set to consider share buyback proposal on June 21. Share. Nigeria stock market gains N334bn on Dangote Cement share buyback 12/21/2020 Tell your friends ... per share. Share Price, Corporate Actions, Valuation, Research Report, Financials and more - complete track record of Star Cement Ltd. From India's independent mutual fund research house mPowered: Buyback instantly by logging into your account from our mPowered trading platform. June 26, 2019 Buyback Review Star Cement Buyback [email protected] Star Cement has informed the stock exchanges that the meeting of the Board of Directors of the Company is scheduled on 21/06/2019 to consider Buy-back of fully paid-up equity shares of theRead More… Leave a comment. I would suggest participating in a big size buyback especially if you are new to buyback. Log In Event: Dangote Cement (DangCem) begins share buyback programme . BuyBack update 23.09.2019. Please correct me if I am wrong. (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. Date of Board Meeting approving the proposal. The brand “Star Cement” has established itself as the most accredited brand of the region on grounds of both quality and fair pricing. We are here to share information about upcoming ipos, grey market premium, ipo subscription numbers, sme ipos and other vital information which can give a investors a brief on which they can decide about the subscription of the ipo. 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. The stock climbed 25 percent in the last three months. Board Meeting Outcome – Merger. Lets assume if you have Star Cement Limited shares at ₹120 and buyback offer price is ₹150, you can get ₹30 per accepted share. 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. (vii) Penetration: Brand “Star Cement’ is one of the largest in the Northeastern region. Record date for Star Cement Buyback has been fixed as 05th July, 2019. 5. A Team with enough knowledge of ipo industry and stock market. It was quoting at Rs 127.50, up to Rs 10.65, or 9.11 percent on the BSE at 12:41 hours IST. Yes, Section 161 of the Corporate and Allied Matters Act lays out the process for a company … Share. But took month in Wipro.plz explain. On December 21, 2020 8:34 pm In News by Urowayino Jeremiah. (iii) Star Cement Limited is one of the most profitable cement manufacturers in North East India. (ii) The plant is spread across 200 hectares of land in the idyllic town of Lumshnong, a strategic location at Meghalaya that ensures easy availability of high-grade limestone. Their plan located at Lumshnong across 200 hectares of land. 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 … Star Cement Buyback. This morning, DangCem announced the … Star Cement shares rallied 10 percent intraday on June 18 after the company planned to propose share buyback in the forthcoming board meeting later this week.. The govt must have exempted the companies for which the buyback record date is already announced. Companies repurchase the shares from the open market and over the time frame at a certain time or at regular intervals. *Attention Please:* As Per New Guidelines Of Today Budget The Company Has To Pay 20% Tax Of Total Size Of Buy Back Offer Means If The Total Size Of Buy Back Is 5000 Crore Then Company Has To Pay To The Government Rs.1000 Crore @ 20% Tax. In such cases only board approval is required for buyback. The Nigerian Stock Exchange gained N334 billion on Monday due to buying interest in Dangote Cement and 22 other stocks. I have Wipro 600 shares, and now will most likely lose 20%. Star Cement Buyback 2019 record date is 02-July-2019. Find Star Cement Buyback 2019 full details at IPO Watch. The board of Star Cement is scheduled to meet on June 21 to decide on a proposed buyback, which the company says would increase the liquidity position of its shareholders. Call ‘N’ Trade: Place your share for buyback order through centralized dealing desk at 33553366 (prefix local code). “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. In Future Maximum Companies Will Avoid To Offer Buy Back. Star Cement Buyback price is ₹150 per equity share worth ₹102 crore. generally they say T+1 day criteria for the record date.. 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. Under this scheme, Star Ferro & Cement shareholders have received 1.33 shares of Star Cement for every share held. Star Cement also has a network of over 6000 dealers and retailers across West Bengal and Bihar. The company is an ISO 9001:2008, ISO 14001 & OHSAS 18001 certified Company. 2. Board Resolution. If you hold 1667 shares of Star Cement Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 550 to 834 shares with the gain from buyback … This was uncovered by Nairametrics, after tracking the performance of the shares of the cement manufacturer during the week. Hi Sir, It’s not written anywhere. Where it is written that T+1 is the criterion? https://www.bseindia.com/xml-data/corpfiling/AttachHis/6636aaa0-5890-4bba-ad5f-6edeef89c8bd.pdf. Why Join Star Cement? Star Cement shares rallied 10 percent intraday on June 18 after the company planned to propose share buyback in the forthcoming board meeting later this week. Consider a buyback proposal of the company is star cement share buyback ISO 9001:2008, ISO 14001 & 18001... 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