Cheviot Company of ₹31.50 crores approved by the board of directors at the meeting was held on May 24, 2024. Cheviot Company 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 ₹1800 per Equity Share and for an aggregate amount not exceeding ₹31.50 crores from the shareholders. Check out Cheviot Company Buyback 2024 details below:
Cheviot Company Limited was incorporated on December 27 1897 with the name Delta Jute Mills Company Ltd. In September 1976, the company name was changed to Cheviot Company Ltd. It operates in the textile industry, specializing in the production of jute goods. They manufacture a range of jute products, including hessian cloth, jute bags, and other jute-based packaging materials. It is renowned for manufacturing superior quality Hessian fabrics for the export market at the Export Oriented Unit situated at Falta Special Economic Zone in West Bengal India. Cheviot is known for its quality products and has built a strong reputation over the years.
Cheviot Company History
- N/A
Cheviot Company Buyback 2024 Dates
| Buyback Meeting Date: | May 24, 2024 |
| Buyback Announcement Date: | May 24, 2024 |
| Buyback Record Date: | June 14, 2024 |
| Last Date to Buy Shares: | June 13, 2024 |
| Buyback Open Date: | June 21, 2024 |
| Buyback Close Date: | June 27, 2024 |
| Finalization of Buyback Acceptance: | July 2, 2024 |
Cheviot Company Buyback 2024 Offer Details
Cheviot Company of 1,75,000 equity shares at a price of ₹1800 per equity share. The buyback offers not to exceed ₹31.50 crores of the total buyback offer size.
| Offer Amount: | ₹31.50 Crores |
| Number of Shares: | 175,000 Equity Shares |
| Face Value: | ₹10 per equity share |
| Buyback Price: | ₹1800 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Cheviot Company Buyback 2024 Acceptance Ratio
The investor should buy around 111 shares at a current market price of ₹1462 (as of date). The calculation will be ₹2,00,000 / ₹1800 buyback price = 111 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹162282 | 36 | ₹12168 |
| 50% | ₹162282 | 55 | ₹18590 |
| 75% | ₹162282 | 83 | ₹28054 |
| 100% | ₹162282 | 111 | ₹37518 |
Cheviot Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹396 | ₹343 | ₹76 |
| 2022 | ₹571 | ₹487 | ₹79 |
| 2023 | ₹564 | ₹498 | ₹54 |
How to Participate in Cheviot Company Buyback 2024
The investors are eligible for the buyback scheme who have Cheviot Company shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Cheviot Company Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the Shervani Industrial Syndicateepted shares by the company under the Cheviot Company scheme.
Cheviot Company Buyback 2024 Registrar
Maheshwari Datamatics Pvt. Ltd
Maheshwari Datamatics Pvt. Ltd,
6, Mangoe Lane,
2nd Floor, Kolkata-700 001
Phone: 033 22435029 / 22482248
Email: [email protected]
Website: http://www.mdpl.in
Cheviot Company Buyback 2024 Lead Managers
- Vc Corporate Advisors Pvt Ltd (Vcapl)
Cheviot Company Company Address
Cheviot Company Limited
24 Park Street, Celica House,
9th Floor, Celica Park
Kolkata-700016
Phone: +91 82320 87911
Email: [email protected]
Website: https://www.cheviotgroup.com/
How to Apply the Cheviot Company 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 “Cheviot Company”. Click on Place Order. Enter your Quantity and submit Cheviot Company Application Form.
How to Apply the Cheviot Company through Upstox?
Log in to Upstox Application with your credentials. Select the Cheviot Company. You will see the Company Name “Cheviot Company”. Click on Cheviot Company Stock for Buyback. Enter your Quantity and submit Cheviot Company Application Form.
How to Apply the Cheviot Company through Cheviot Company Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Cheviot Company. Enter your Quantity and submit Cheviot Company Application Form.
