At a meeting held by Emami Limited, the board of directors of the company approved a plan to repurchase fully paid-up Equity Shares with a face value of Rs.1/- each (representing 9.99% of the total number of Equity Shares in the paid-up Equity Share Capital of the Company) for an aggregate amount of Rs. 186 Crore Only. Emami Limited Buyback 2023 offer has already been started from 13th April 2023 and it closes on 19th July 2023.
With an impressive roster of well-known brands like BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Mentho Plus Balm, Fast Relief, and Kesh King, Emami Limited has quickly become one of India’s most successful and rapidly expanding personal and healthcare companies.The Company, which has been around since 1974, offers more than 300 different products, all of which are based on ayurvedic formulations. Emami is currently active in over 60 countries, including those in the SAARC, MENAP, SEA, Africa, Eastern Europe, and the CIS. Every second, somewhere in the world, about 150 Emami goods are purchased. In 2021-22, Emami Limited, the Group’s crown jewel, reported a turnover of Rs 3192 crore.
Emami Limited Buyback 2023 – Offer Details
| Offer Type | Buyback of Fully Paid-up Equity Shares |
| Record Date | April 12, 2023 |
| Buyback Starts | April 13, 2023 |
| Buyback Ends | July 19, 2023 |
| Number of Shares | 41,33,333 Equity Share |
| Face Value | Rs. 1/- |
| Buyback Price | Rs. 450 per equity shares |
| Maximum Buyback Size | Rs. 186 Crore |
| Last date for the extinguishment of equity | Within 7 Working Days of the expiry of the Buyback period |
| Broker of the company | IIFL Securities Limited |
| Designated Stock Exchange | NSE, BSE |
Emami Limited Buyback 2023 – Necessity of the Buyback
According to the company, the following are the key objectives of this buyback:-
- The goal of the buyback is to return any excess cash that the company has to its shareholders.
- Decrease the number of equity shares that are currently issued, which will result in an increase in both earnings per share and book value per share.
- Increase important return ratios, such as your return on equity capital.
Emami Limited Shareholding Pattern
Click here to see the shareholding pattern of Emami Limited.
Emami Limited Company Financials
Click to see the consolidated and standalone financial report of the company.
Emami Limited Buyback 2023 – Manager of the Buyback
Manager to this buyback offer by Emami Limited is IIFL Securities Ltd.
Emami Limited Buyback 2023 – Registrar of the Buyback
Registrar to this buyback offer by Emami Limited is Maheshwari Datamatics Pvt. Ltd
Emami Limited Buyback 2023 – Letter of Offer
Click here to read the letter of offer of this buyback offer by Emami Limited.
