Share Buyback News: Share closed at Rs 269, buyback announced at Rs 300, Read Complete Information Here!

Dhampur Sugar Mills has announced a share buyback program, offering Rs 300 per share for up to 10 lakh shares, with a total estimated value of Rs 30 crore. Here’s a quick breakdown:

Key Dates of Buyback:

  • Board Meeting: January 3, 2024 (after market hours)
  • Record Date: January 17, 2024 (determines eligibility for buyback)
  • Buyback Opening Date: To be updated (likely soon)
  • Buyback Closing Date: To be updated
  • Payment Date: To be updated

Also Read: Varun Beverages Takes a Big Gulp: Deep Dive into the South African Acquisition

Eligibility for Buyback:

  • To participate, you must hold Dhampur Sugar shares in your Demat account or physical form by the record date (January 17, 2024).

How to Participate:

  1. Once the buyback window opens (date to be confirmed), you can sell your eligible shares through your broker on the NSE or BSE.
  2. On the payment date (to be confirmed), accepted shares will be credited to your account, while any unaccepted shares will be returned to your Demat account.

Also Read: Building Down: What Happens to Flat Owners When Their Building is Demolished or Collapses?

What Does Dhampur Sugar Do:

  • Established in 1933, Dhampur Sugar is a leader in India’s organized sugar, chemical, and co-generation business.
  • They are an integrated sugarcane processing company with one of the largest sugarcane processing capacities and the highest ethanol manufacturing capacities in the country.

Additional Notes:

  • The stock price of Dhampur Sugar has seen some fluctuation recently, with a 10% drop in three months but a 7% gain in the past week.
  • It’s important to remember that participation in the buyback is optional and you should carefully consider your own investment goals and risk tolerance before making any decisions.

For further details:

  • Refer to official announcements from Dhampur Sugar Mills.
  • Consult your financial advisor for personalized advice.
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