GNFC Buyback 2023 Record Date, Price & Ratio Details

GNFC Buyback of ₹652.81 crores was approved by the board of directors at the meeting. GNFC 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 ₹770 per Equity Share and for an aggregate amount not exceeding ₹652.81 crores from the shareholders. Check out GNFC Buyback 2023 details below:

Gujarat Narmada Valley Fertilizers & Chemicals Limited.(GNFC), is a joint sector enterprise promoted by the Government of Gujarat and the Gujarat State Fertilizers & Chemicals Ltd.(GSFC). It was set up in Bharuch, Gujarat in 1976. Located at Bharuch in an extremely prosperous industrial belt, GNFC draws on the resources of the natural wealth of the land as well as the industrially rich reserves of the area. GNFC started its manufacturing and marketing operations by setting up in 1982, one of the world’s largest single-stream ammonia-urea fertilizer complexes. Over the next few years, GNFC successfully commissioned different projects – in fields as diverse as chemicals, fertilizers and electronics. Since inception, GNFC has worked towards an extensive growth as a corporation. A growth which respects the environment and springs from the progressive vision of GNFC. GNFC today has extended its profile much beyond fertilizers through a process of horizontal integration. Chemicals/Petrochemicals, Energy Sector, Electronics/Telecommunications and Information Technology form ambitious and challenging additions to its corporate portfolio. GNFC has an enterprising, strategic view towards expansion and diversification.

GNFC Buyback History

• N/A

GNFC Buyback 2023 Dates

GNFC Buyback 2023 Offer Details

GNFC buyback of 8,478,100 equity shares at a price of ₹770 per equity share. The buyback offers not to exceed ₹652.81 crores of the total buyback offer size.

GNFC Buyback 2023 Acceptance Ratio

The investor should buy around 260 shares at a current market price of ₹675 (as of date). The calculation will be ₹2,00,000 / ₹770 buyback price = 260 shares.

GNFC Financial Report

How to Participate in GNFC Buyback 2023

The investors are eligible for the buyback scheme who have GNFC shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the GNFC Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the GNFCepted shares by the company under the GNFC buyback scheme.

GNFC Buyback 2023 Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/

GNFC Buyback 2023 Lead Managers

• SBI Capital Markets Limited

GNFC Company Address

Gujarat Narmada Valley Fertilizers & Chemicals Limited
P.O. Narmadanagar – 392015
Dist. Bharuch
Phone: 02642-247001
Email: [email protected]
Website: https://www.gnfc.in/

How to Apply the GNFC 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 “GNFC”. Click on Place Order. Enter your Quantity and submit GNFC Buyback Application Form.

How to Apply the GNFC Buyback through Upstox?

Log in to Upstox Application with your credentials. Select the GNFCount Section. You will see the Company Name “GNFC”. Click on GNFC Stock for Buyback. Enter your Quantity and submit GNFC Buyback Application Form.

How to Apply the GNFC Buyback through GNFC Money?

Log in to GNFC Money Application with your credentials. Select the GNFC. Enter your Quantity and submit GNFC Buyback Application Form.

GNFC Buyback 2023 FAQs