Nava Bharat Ventures Buyback will open for subscription from 10 March 2021 to 09 September 2021. the company aims for an issue size of ₹150 Crores through this buyback issue.
Nava Bharat Ventures Limited
Incorporated in 1972, Nava Bharat Ventures Limited (NB Ventures) is engaged in the business of power generation and Operations & Maintenance services, ferroalloys, mining, agri-business, and health care services. With four decades in business, Nava Bharat Ventures is now a multinational company, operating in India, South East Asia, and Africa.
The company produces and supplies over 200,000 tons of ferroalloys each year and operates several power plants of 743 MW. NB Ventures also work with hundreds of sugarcane farmers to produce and process sugar as well as ethanol.
Objectives of the Issue
- Return surplus cash to the shareholders.
- Optimize returns to shareholders.
- To improve return on equity.
- Enhance overall shareholder’s value.
Nava Bharat Ventures Buyback Details
| Issue Period | Mar 10, 2021 – Sep 9, 2021 |
| Security Name | Nava Bharat Ventures Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹150.00 Crores |
| Buyback Price | ₹100 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
Company Financials
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Income | 11,322.08 | 14,377.77 | 13,551.17 |
| Profit After Tax | 1,310.11 | 1,661.89 | 1,615.58 |
| Net Worth | 29,677.11 | 29,255.77 | 27,869.75 |
Stock Market Data (for preceding 3 months)
BSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Feb-2021 | 76.25 | 57.25 | 66.22 |
| Jan-2021 | 64.71 | 57.1 | 61.99 |
| Dec-2021 | 68.85 | 50.2 | 60.7 |
NSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Month | High Price | Low Price | Average Price |
| Feb-2021 | 76.2 | 57.15 | 65.86 |
| Jan-2021 | 64.75 | 57.2 | 62.03 |
| Dec-2021 | 68.45 | 50.2 | 60.87 |
Nava Bharat Ventures Buyback Registrar
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Serilingampally,
Rangareddi, Telangana India – 500 032.
Phone: 1-800-3454001
Email: shyam.kumar@kfintech.com
Website: https://karisma.kfintech.com/
Company Contact Information
Nava Bharat Ventures Limited
6-3-1109/1, Nava Bharat Chambers, Rajbhavan Road,
Hyderabad- 500 082, Telangana, India
Phone: +91 40 23403501
Email: investorservices@nbv.in
Website: https://www.nbventures.com/
Final Thoughts
A buyback occurs when the issuing company pays shareholders the market value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors. subscribing for a buyback issue is purely a personal choice. make a detailed study before you make a decision on buyback issue subscription.
Happy Investing