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Godrej Consumer Products
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NSE Announcements on Godrej Consumer
Posted by :
MMB MessengerTracked by: 0 Boarder
Avendus Capital Private Limited has informed the Exchange regarding the details of the equity shares of Godrej Consumer Products Limited bought back through the Stock Exchange on December 04, 2008, as follows: 1) Date of Buyback: December 04, 2008; 2) Name of the Broker: B. D. Shroff Securities Pvt. Ltd; 3) No. of equity shares bought back on BSE: 2,616; 4) No. of equity shares bought back on NSE: Nil; 5) Total no. of equity shares bought back: 2,616; 6) Average Price of Acquisition (Rs.): 124.89; 7) Name of the Broker: Innovate Securities Pvt. Ltd; 8) No. of equity shares bought back on BSE: Nil; 9) No. of equity shares bought back on NSE: 7,384; 10) Total no. of equity shares bought back: 7,384; 11) Average Price of Acquisition (Rs.): 124.98; 12) Cumulative Equity Shares bought as on December 03, 2008: NA; 13) Quantity Closed Out on December 04, 2008 - Nil; 14) Quantity Closed Out as on December 03, 2008 : NA; 15) Total Quantity Closed Out - Nil; 16) Total Equity Shares bought back as on December 04, 2008: 10,000....
BSE Announcements on Godrej Consumer
Posted by : MMB MessengerTracked by: 0 Boarder
Godrej Consumer Products Ltd has informed BSE that the Company ("Godrej Consumer Products Ltd" / "Target Company" / "Company") has issued this Public Announcement ("PA") to the Shareholders / Beneficial owners of the Equity Shares of the Target Company, is made in compliance with the Securities & Exchange Board of India (Buy-Back of Securities) Regulations, 1998 as amended.
The Buy Back Offer:
The Company hereby announces the Buy-back (the "Buy-back") of its fully paid-up equity shares of the face value Re 1 each ("Equity Shares") from the existing owners of the Equity Shares of the Company from the open market though Stock Exchange using the electronic trading facilities of the Bombay Stock Exchange Ltd ("BSE") and the National Stock Exchange of India Ltd ("NSE") (together the "Stock Exchange"), in accordance with the provision of Section 77A, 77AA, 77B and other applicable provisions of the Companies Act 1956 (the "Act") and the Securities and Exchange Board of India (Buy back of Securities) Regulations, 1998 (the "Buy Back Regulations") at a price not exceeding Rs 150/- per Equity Shares ("Maximum Buy Back Price") payable in cash, for an aggregate amount not exceeding Rs 1490 lacs ("Buy Back Size"). The Buy back size represents 9.99% of the aggregate of the Companys paid up equity capital and free reserves as on March 31, 2008 (the date of the latest standalone audited accounts).
The Company proposes to buy-back its fully paid up Equity Shares of face value Re 1 each up to 17,203,533 Equity Shares ("Maximum Buy-back Shares") such that promoters holding in the Company does not increase by more than 5% pursuant to the Buy-Back and minimum number of 250,000 Equity Shares ("Minimum Buy-back shares") at a price not exceeding Rs 150/- per Equity Share payable in cash for an amount of upto Rs 1490 lacs.
The number of Equity Shares bought back would depend upon the average price paid for the Equity Shares bought back and the amount deployed in the Buy-back, subject to the maximum limit of 10% of the total paid up share capital and free reserves of the Company, in accordance with the resolution passed by the Board of Directors (the "Board") of the Company on November 25, 2008. This is subject to a further limit of 25% of the total paid up Equity Share capital of the Company in a financial year as stipulated in the Act.
The basis of determining the maximum buy-back price has been arrived at after taking into consideration factors such as trends in the market price of the Equity Shares during the last 6 months prior to the Board Meeting, the book value of the Equity Shares, price earnings ratio and impact on other financial parameters and possible impact of the buy-back on the Companys earnings per equity shares. The Buy Back of Equity Shares will be made subject to a maximum price of Rs 150/- which represents a premium of 27.82% and 28.26% to the closing price on BSE and NSE respectively, being the last trading date prior to the date of the Board Meeting, i.e. November 24, 2008. The closing price of the Equity Shares of the Company as on November 24, 2008 on BSE and NSE was Rs 117.35 and Rs 116.95 respectively.
The Company shall not Buy-back its Equity shares from any person through negotiated deal whether on or off the Stock Exchanges or through spot transaction or through any private arrangement in the implementation of the Buy-back. The promoters, promoter group, persons in control and persons acting in concert will not sell their Equity Shares in this Buy-back.
Proposed Time Table :
Board Meeting Approving the Buyback - November 25, 2008
Date of Opening of the Buyback - December 04, 2008
Acceptance of Equity Shares - Within relevant payout dates of the Stock Exchanges.
Extinguishment of Equity Shares - Within 7 days of acceptance as above.
Last Date for the Buyback - November 24, 2009 (i.e. 12 months from the date of the resolution passed by the Board of Directors of the Company at its meeting held on November 25, 2008). However, the Board at its absolute discretion may decide to close the Buyback at an earlier date in the event the Minimum Buy-back Shares have been purchased under the Buyback even if the maximum Buyback size has not been reached or maximum Buy-back Shares have not been bought back, by giving appropriate notice of such date and completing all formalities in this regard as per relevant laws and Regulations. There would be a completion of all payment obligations in respect of the Buy-back prior to the last date of the Buy-back....
NSE Announcements on Godrej Consumer
Posted by : MMB MessengerTracked by: 0 Boarder
Godrej Consumer Products Limited has informed the Exchange that "Godrej Consumer Products Limited ("GCPL" or "the Company") hereby announces the Buy-back (the "Buy-back") of its fully paid-up equity shares of the face value Rs. 1 each ("Equity Shares") from the existing owners of Equity Shares of the Company from the open market through stock exchanges using the electronic trading facilities of The Bombay Stock Exchange Ltd ("BSE") and The National Stock Exchange of India Limited ("NSE") (together the "Stock Exchanges"), in accordance with the provisions of Section 77A, 77AA, 77B and other applicable provisions of the Companies Act, 1956 (the "Act") and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998 (the "Buy-Back Regulation") at a price not exceeding Rs. 150/- per Equity Shares ("Maximum Buy-back Price") payable in cash, for an aggregate amount not exceeding Rs. 1,490 lacs ("Buy-back Size). Date of Opening of the Buy-back- December 4, 2008, Last date for the Buy-back- November 24, 2009 (i.e. 12 months from the date of the resolution passed by the Board of Directors of the Company at its meeting held on November 25, 2008). However the Board at its absolute discretion may decide to close the Buy-back at an earlier date in the event the Minimum Buy-back shares have been purchased under the Buy-back, even if the Maximum Buy-back size has not been reached or the Maximum Buy-back shares have not been brought back, by giving appropriate notice of such date and completing all formalities in this regard as per relevant laws and regulations. There would be a completion of all payment obligations in respect of the Buy-back prior to the last date of the Buy-back". The Company has further informed the Exchange that Ms Avendus Capital Pvt Ltd has been appointed as Lead manager for the Buyback. A copy of the Public Announcement shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
Future of Godrej Concumer??????
Posted by :
abhi_nkTracked by: 0 Boarder
I hold a good quantity of the shares of GCPL at Rs.150/share. For the next 2-3 years what will be the trend of the stock...?
GCPL is a fundamentally strong company with good management but it is not get the price for its share in the stock market.....
Buy Sell or Hold????...
BSE Announcements on Godrej Consumer
Posted by : MMB MessengerTracked by: 0 Boarder
Godrej Consumer Products Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 25, 2008, has approved a buyback of shares under the authority of the Board of Directors pursuant to the first proviso to section 77A (2)(b) of the Companies Act, 1956 and the SEBI Buyback Regulations.
The buyback will be through open market and subject to a maximum price of Rs 150 per share and a maximum outlay of Rs 1490 lac....
NSE Announcements on Godrej Consumer
Posted by : MMB MessengerTracked by: 0 Boarder
Godrej Consumer Products Limited has informed the Exchange that at the meeting of the Board of Directors held on November 25, 2008, the Board has approved a buyback of shares under the authority of the Board of Directors pursuant to the first proviso to section 77A (2)(b) of the Companies Act, 1956 and the SEBI Buyback Regulations. The buyback will be through open market and subject to a maximum price of Rs. 150 per share and a maximum outlay of Rs. 1490 lac....
NSE Announcements on Godrej Consumer
Posted by : MMB MessengerTracked by: 0 Boarder
Godrej Consumer Products Limited has submitted to the Exchange a copy of Half Yearly Communication for the financial year 2008-09 along with IInd Interim Dividend paid on November 14, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BUY BUY BYBACK Comming
Posted by : cheetguyTracked by: 0 Boarder
Lets buy buy back is on the cards.....
BSE Announcements on Godrej Consumer
Posted by : MMB MessengerTracked by: 0 Boarder
Godrej Consumer Products Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 25, 2008, inter alia, to consider a proposal for buyback of shares....
BSE Announcements on Godrej Consumer
Posted by : MMB MessengerTracked by: 0 Boarder
Godrej Consumer Products Ltd has submitted to BSE a copy of a transcript of the conference call held by the Management team of the Company with financial analyst on October 31, 2008, post announcement of the Q2 results on October 24, 2008....
NSE Announcements on Godrej Consumer
Posted by : MMB MessengerTracked by: 0 Boarder
Godrej Consumer Products Limited has submitted to the Exchange a copy of a transcript of the conference call held by the Management team of the Company with financial analyst on October 31, 2008, post announcement of the Q2 results on October 24, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
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