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ACC Buyback 2022 Was announced on May 15, 2022. acc Buyback open date is August 26, 2022 and will close on September 9, 2022. acc buyback Record date not set as this is an open market buyback offer, To be eligible for the buyback, the investor must purchase ACC shares before the record date.
₹11,260 crore ACC buyback 154 Approved by the Board of Directors in its meeting held on May, 2022. The ACC buyback will be done through the open market route through the stock exchange mechanism. The Board of Directors of the Company has approved the buyback of its fully paid up equity shares by the Company with a face value not exceeding ₹2,300 per equity share for each equity share and a total amount not exceeding ₹11,260 crore Is. from shareholders. See ACC Buyback 2022 details below:
ACC Limited (ACC) is one of the leading players in the Indian building materials sector and an Indian cement producer, headquartered in Mumbai. It is a subsidiary of Ambuja Cements and a part of Adani Group. Associated Cement Company Limited was changed to ACC Limited in 2006. They are a manufacturer of cement and ready mixed concrete with 17 plants, 9 captive power plants and 85 ready mix concrete plants. They have over 6500 employees working with the company and a network of 56,000 dealers and retailers in India.
ACC Buyback 2022 Dates
| Buyback meeting date: | 15 May 2022 |
| Buyback Announcement Date: | 15 May 2022 |
| Buyback Record Date: | free market |
| Buyback Open Date: | 26 August 2022 |
| Buyback closing date: | 9 september2023 |
| Finalizing Buyback Acceptance: | n/a |
ACC Buyback 2022 Offer Details
acc buyback 4,89,56,419 Equity Shares At the expense of ₹2,300 per equity share, Buyback offer should not exceed ₹11,260 crore of the total buyback offer size.
| Offer Amount: | ₹11,260 crore |
| number of shares: | 4,89,56,419 common share |
| Face value: | ₹10 per equity share |
| Buyback Price: | ₹2,300 per equity share |
| Listing: | BSE and NSE |
| Buyback Type: | free market |
| letter of Offer: | click here |
ACC Buyback 2022 Acceptance Ratio
The investor should buy approximately 86 shares at the current market price of ₹2,115 (as on May 13, 2022). The calculation would be ₹2,00,000 / ₹2,300 buyback value = 86 shares.
| acceptance ratio | Investment | share buyback | Benefit |
| 33% | ₹183,913 | 28 | 5,180 |
| 50% | ₹183,913 | 43 | 7,955 |
| 75% | ₹183,913 | 65 | 12,025 |
| 100% | ₹183,913 | 86 | 15,910 |
acc financial report
| ₹ in crore | |||||
| year | revenue | Expense | to Pat |
||
| 2019 | ₹15,968 | ₹13,333 | ₹1,359 | ||
| 2020 | ₹13,989 | ₹11,665 | ₹1,415 | ||
| 2021 | ₹16,356 | ₹13,298 | ₹1,820 | ||
How to participate in ACC Buyback 2022
Investors who have ACC shares in the open market form in their demat account are eligible for the buyback scheme. Eligible shareholders can participate in the ACC Buyback 2022 scheme by selling their shares as per the opening form. The payment will be made as per the shares accepted by the company under the ACC buyback scheme.
ACC Buyback 2022 Registrar
Link Intime India Private Limited
C 101, 247 Park, LBS Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
ACC Buyback 2022 Lead Managers
- ICICI Securities Limited
- Deutsche Equities India Private Limited
ACC Company Address
ACC Limited
cement house,
121 Maharishi Karve Road,
Mumbai – 400020
Phone: +91-22-3302 4291
Website: http://www.acclimited.com/
How to Apply ACC Buyback through Zerodha?
Log in to the console in the Zerodha website or application. Go to Portfolio and click on Corporate Action. You will see the company name “ACC”. Click on Place Order. Enter your quantity and submit the ACC buyback application form.
How to Apply ACC Buyback through Upstox?
Log in to the Upstox application with your credentials. Select the Account section. You will see the company name “ACC”. Click on ACC Stock for Buyback. Enter your quantity and submit the ACC buyback application form.
How to Apply ACC Buyback through Paytm Money?
Log in to Paytm Money Application with your credentials. Select ACC. Enter your quantity and submit the ACC buyback application form.
ACC Buyback 2022 FAQ
When is the ACC Buyback 2022 Record Date?
ACC buyback is 2022 record date free market,
When is ACC Buyback 2022 Open Date?
ACC buyback is 2022 open date 26 August 2022,
What is ACC Buyback 2022 Value?
The company has fixed the price ₹ 1700 per share.
How to apply for ACC Buyback 2022?
You should have shares of ACC in your demat account as on the record date. You can participate in buybacks once you have stock in your account.
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