Dhampur Sugar Share Price: धामपुर शुगर फैक्ट्री शेयर बायबैक करेगी!
📈 Dhampur Sugar Factory has announced its decision to buy back 10 lakh fully paid-up equity shares at a price of ₹10 per share. The company has received approval to repurchase these shares, which will cost around ₹30 crore.
💰 The company has informed the stock exchanges about this offer. In its communication to the share market, the company stated that the record date for the buyback of shares from existing shareholders has been set as January 17, 2024. Eligible shareholders holding Dhampur Sugar shares until this date can participate in the buyback.
💼 Dhampur Sugar Mills currently has a market capitalization of ₹1,798.44 crore. The share price of the company is approximately ₹270. The shares of Dhampur Sugar Mill have witnessed a 7% increase in the past five trading sessions.
🔄 What does buyback mean? Buyback occurs when a company repurchases its own shares from investors in the market. To understand this process in simple terms, you can consider it as the opposite of an IPO. Buyback can be done through two methods: tender offer or open market. When the company has excess cash flow, it buys its own shares, which increases the promoter’s holding in the company.
✨ Dhampur Sugar Share Price as of January 7, 2024: ₹270
This news highlights the positive move by Dhampur Sugar Factory to repurchase its own shares, indicating confidence in the company’s growth prospects. Investors and shareholders can consider this as an opportunity to participate in the buyback and potentially benefit from the increase in promoter’s holding. Stay updated with the latest market trends and make informed investment decisions. 💼📈
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
