Axita Cotton Buyback of ₹5.04 crores approved by the board of directors at the meeting was held on May 23, 2023. Axita Cotton Buyback will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹10 each equity share at a price of ₹56 per Equity Share and for an aggregate amount not exceeding ₹5.04 crores from the shareholders. Check out Axita Cotton Buyback 2023 details below:
Axita Cotton Limited was incorporated in 2013, based in Ahmedabad. It was formed to start business of production and trading of Seed cotton, Cotton Seed, Cotton Seed Oil, Cotton cake etc and for which land admeasuring area of 5708 Square Meters was acquired at Chattral, Kadi Road, Mehsana. There were 6 oil expeller installed for producing cotton seed oil in Aditya Oil Industries and the firm has an annual capacity of producing approximately 3153.6 M3T/ Per annum of cotton seed oil. After two years, firm was successful in making good profits from production and selling cotton seed oil, promoters expanded business by adding corn oil to their product portfolio by installing machineries for corn oil production in the same space of land. In the year 2011, firm acquired land adjacent to existing land at Kadi and set up the cotton Ginning and Pressing Plant, having installed capacity of processing 26280 MT/ Per annum of seed cotton. Check out Axita Cotton’s buyback details here.
Axita Cotton Buyback History
- This is the first Axita Cotton buyback so there is no historical data.
Axita Cotton Buyback 2023 Dates
| Buyback Meeting Date: | May 23, 2023 |
| Buyback Announcement Date: | May 23, 2023 |
| Buyback Record Date: | June 2, 2023 |
| Last Date to Buy Shares: | May 31, 2023 |
| Buyback Open Date: | June 8, 2023 |
| Buyback Close Date: | June 14, 2023 |
| Finalization of Buyback Acceptance: | June 21, 2023 |
Axita Cotton Buyback 2023 Offer Details
Axita Cotton buyback of 900,000 equity shares at a price of ₹56 per equity share. The buyback offers not to exceed ₹5.04 crores of the total buyback offer size.
| Offer Amount: | ₹5.04 Crores |
| Number of Shares: | 900,000 Equity Shares |
| Face Value: | ₹10 per equity share |
| Buyback Price: | ₹56 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Axita Cotton Buyback 2023 Acceptance Ratio
The investor should buy around [.] shares at a current market price of ₹[.] (as of date). The calculation will be ₹2,00,000 / ₹[.] buyback price = [.] shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹[.] | [.] | ₹[.] |
| 50% | ₹[.] | [.] | ₹[.] |
| 75% | ₹[.] | [.] | ₹[.] |
| 100% | ₹[.] | [.] | ₹[.] |
Axita Cotton Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹619 | ₹613 | ₹3.73 |
| 2022 | ₹830 | ₹810 | ₹14.54 |
| 2023 | ₹558 | ₹534 | ₹17.04 |
How to Participate in Axita Cotton Buyback 2023
The investors are eligible for the buyback scheme who have Axita Cotton shares in their Demant Account on or before May 31, 2023. Eligible Share Holders can participate in the Axita Cotton Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the Axita Cottonepted shares by the company under the Axita Cotton buyback scheme.
Axita Cotton Buyback 2023 Registrar
To be updated soon
Axita Cotton Buyback 2023 Lead Managers
- Beeline Capital Advisors Pvt Ltd
Axita Cotton Company Address
Company Contact Information
Axita Cotton Limited
Servey No. 324 357 358,
Kadi Thol Road Borisana Kadi
Mahesana- 382715
Phone: +91 63587 47514
Email: [email protected]
Website: https://axitacotton.com/
How to Apply the Axita Cotton Buyback through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Axita Cotton”. Click on Place Order. Enter your Quantity and submit Axita Cotton Buyback Application Form.
How to Apply the Axita Cotton Buyback through Upstox?
Log in to Upstox Application with your credentials. Select the Axita Cottonount Section. You will see the Company Name “Axita Cotton”. Click on Axita Cotton Stock for Buyback. Enter your Quantity and submit Axita Cotton Buyback Application Form.
How to Apply the Axita Cotton Buyback through Axita Cotton Money?
Log in to Axita Cotton Money Application with your credentials. Select the Axita Cotton. Enter your Quantity and submit Axita Cotton Buyback Application Form.
One Response
Good product