Asahi Songwon Colors Ltd. is engaged in the business of manufacturing pigments and colours. Asahi Songwon Colors Ltd. exports products to leading MNCs around the world on account of the quality of its products. The company’s manufacturing facilities are located at Padra (Vadodara), manufacturing CPC Blue Crude and Beta Blue pigment and has an installed capacity of 11400 tonnes per annum.
Asahi Songwon Colors Ltd. Stock Quote & Charts
303.1
5.70 (1.92%)
- Open: 307
- High – Low: 307 – 301.5
- Previous Close: 297.4
- Total Traded Value: 9552
- Updated On: 5/30/2022 4:00 PM
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Asahi Songwon Colors Buyback Detail
Issue Period | |
Security Name | Asahi Songwon Colors Limited |
Issue Type | Tender Offer |
Issue Size (Shares) | 0.02 Crores |
Issue Size (Amount) | ₹9.60 Crores |
Buyback Price | ₹400 per share |
Face Value | ₹10 per share |
Listing At | BSE, NSE |
Asahi Songwon Colors Buyback Issue Timetable
Offer Opens On | |
Offer Closes On | |
Record Date | Jun 3, 2022 |
Last Date for receipt of Tender Forms | |
Finalisation of Buyback Acceptance | |
Last Date for settlment of bids | |
Last Date for Extinguishment of Shares |
Necessity of the Issue
The buyback is being undertaken for the following reasons:
1. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders’ value.
2. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.
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Company Contact Information
Asahi Songwon Colors Limited
“Asahi House” 13, Aaryans Corporate Park,
Near Shilaj Railway Crossing,
Thaltej – Shilaj road, Thaltej, Ahmedabad, 380059
Phone: 079 6832 5000
Email: admin@asahisongwon.com
Website: https://www.asahisongwon.com/index.html