Balrampur Chini Mills gains 3% as buyback to open on May 16

The share touched its 52-week high Rs 156.10 and 52-week low Rs 58.80 on 06 May, 2019 and 16 May, 2018, respectively.



Shares of Balrampur Chini Mills gained more than 3 percent intraday Thursday as company's buyback offer is going to open on May 16.

The company announced that its buyback offer to open May 16, 2019 and closes on May 29, 2019.

The company is going to buyback up to 84,38,327 fully paid-up equity shares of face value of Rs 1 each representing 3.69% of the issued, subscribed and paid-up equity shares of the company, from all eligible shareholders on a proportionate basis at a price of Rs 175 per equity share, payable in cash, for an aggregate maximum amount of Rs 147,67,07,225.

The share touched its 52-week high Rs 156.10 and 52-week low Rs 58.80 on 06 May, 2019 and 16 May, 2018, respectively.


Currently, it is trading 7.62 percent below its 52-week high and 145.24 percent above its 52-week low.

At 11:20 hrs Balrampur Chini Mills was quoting at Rs 144.20, up Rs 3.15, or 2.23 percent on the BSE.

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