Star Cement shares rallied 4 percent intraday on June 24 after the board approved the proposal for a share buyback. The … Buyback; Brand Campaign; Careers. This was uncovered by Nairametrics, after tracking the performance of the shares of Dangote Cement Plc on the floor of the Nigerian Stock Exchange, from last Friday, 18th December 2020 and Thursday, 24th … The govt must have exempted the companies for which the buyback record date is already announced. Share. In case, the size of the issue is more than 10% and less than 25%(Max. Sold all 1333 shares two days before the record date i.e. Buyback News. Please share your view on Star Cement buyback. The company is an ISO 9001:2008, ISO 14001 & OHSAS 18001 certified Company. RailTel IPO GMP - IPO Grey Market Premium Today, IPOs in 2021 To Boom The Primary Market (15 IPOs Lineup), Patanjali IPO Dates, Review, Price Band & Market Lot Details, Antony Waste IPO Date, Review, Price Band, Form & Market Lot Details. Please correct me if I am wrong. See more of Ipoandmore on Facebook. Star Cement Buyback Opening and Closing Date. Lets assume if you have Star Cement Limited shares at ₹120 and buyback offer price is ₹150, you can get ₹30 per accepted share. A decision on whether the company's promoters can participate in the buyback, if approved, will also be taken. As per the letter of offer, 30% is the minimum entitlement. Else buy around 1st July and sell everything on ex-date. Companies repurchase the shares from the open market and over the time frame at a certain time or at regular intervals. Their plan located at Lumshnong across 200 hectares of land. General assumption I have for buyback offer- number of stocks available in demat account at the end of record date are eligible for this offer. (vii) Penetration: Brand “Star Cement’ is one of the largest in the Northeastern region. 3. 74.9% from 64.4%. They are not generating enough revenue to run their operation. mPowered: Buyback instantly by logging into your account from our mPowered trading platform. See List of all Forthcoming and Recent Buybacks. I would suggest participating in a big size buyback especially if you are new to buyback. The product range includes Ordinary Portland Cement (OPC 43-Grade) and (OPC 53-Grade) and Portland Pozzolana Cement (PPC), Portland Slag Cement (PSC) and Anti Rust Cement (ARC) in line with evolving customer needs. Event: Dangote Cement (DangCem) begins share buyback programme . Call ‘N’ Trade: Place your share for buyback order through centralized dealing desk at 33553366 (prefix local code). Arbitrage gone? A Team with enough knowledge of ipo industry and stock market. Shareholders would be keen to know the quantum of the buyback… Subscribe . The purchase is set to take place on 30 December. June 21th, 2019 :Star Cement Limited (BSE:540575 | NSE:STARCEMENT) board has approved a proposal for purchase of up to 68 lakh shares at Rs 150 per share, aggregating Rs 102 Cr (Buyback Offer Size) that … Company buyback shares with cash in hand or can fund buyback by taking debt as well. Out of 67 shares only 19 they taking Star Cement Limited Buyback 2019 Review - TopShareBrokers By Admin - 10/15/2019 11:43:17 PM; Indiabulls Ventures Limited Buyback 2019 Review By Admin - 10/12/2019 12:28:29 AM; Kaveri Seed Company Ltd Buyback 2019 By Admin - 9/24/2019 10:31:54 PM; NIIT Ltd Buyback 2019 Review - TopShareBrokers By Admin - 8/13/2019 11:30:23 PM; Smartlink Holdings Ltd Buyback 2019 Review - … 4. *Attention Please:* As Per New Guidelines Of Today Budget The Company Has To Pay 20% Tax Of Total Size Of Buy Back Offer Means If The Total Size Of Buy Back Is 5000 Crore Then Company Has To Pay To The Government Rs.1000 Crore @ 20% Tax. Board Resolution. Dangote Cement Plc shares gained N605 billion in just a week amid positive sentiment on the floor of the Nigerian Stock Exchange, following the news of the company’s share buyback plans. Share Price, Corporate Actions, Valuation, Research Report, Financials and more - complete track record of Star Cement Ltd. From India's independent mutual fund research house Star Cement Buyback : Key Info Check out the latest share buyback in 2020 with buyback … Hence, this represents the true holding of promoters i.e. Yes, Section 161 of the Corporate and Allied Matters Act lays out the process for a company … Hi Sir, How could you sell the share 2 days before record date and still eligible for buyback? (vi) Pride: Star Cement was recognized by the Meghalaya state government for its pioneering cement plant in the backward area of Lumshnong in 2005. Because size of buyback is less than only 10% of Equity Capital and Reserves. BuyBack Extinguishment. Post Public Announcement. Star Cement shares rallied 10 percent intraday on June 18 after the company planned to propose share buyback in the forthcoming board meeting later this week. Kindly Share This … The price on 03.07.2019 was 123. Click here to login/signup to join the discussion*, ⭐⭐⭐⭐⭐ Most Influential Member (3012 Posts). I have Wipro 600 shares, and now will most likely lose 20%. That means they need a lot of money to run its business. (i) Star Cement Limited is the largest cement manufacturer in northeast India. In such cases only board approval is required for buyback. (iv) Product: Star Cement’s product range includes Ordinary Portland Cement (OPC 43-Grade) and (OPC 53-Grade) and Portland Pozzolana Cement (PPC), Portland Slag Cement (PSC) and Anti Rust Cement (ARC) in line with evolving customer needs. Letter of Offer. The starting and closing date of this buyback is from October 22, 2019 to November 05, 2019. Shares of Star Cement added nearly four percent in the early trade on October 16 as company's buyback offer will open next week.. This morning, DangCem announced the … But took month in Wipro.plz explain. Star Cement Ltd 21st June, 2019, has unanimously approved a proposal to Buy- Back up to 68,00,000 fully paid-up Equity Shares of Re.1/- each of the Company (representing 1.62% of the total Equity Capital) from all the Equity shareholders of the Company on a proportionate basis through the “Tender Offer” route using the Stock Exchange Mechanism as prescribed under the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 2018 (“the Buy- Back … Nigeria stock market gains N334bn on Dangote Cement share buyback. Go to Equity > Buy Back > Dash Board. 2. The stock climbed 25 percent in the last three months. Pledging all their shares to private banks, can reduce their losses and recover share price? Star Cement Buyback. Dangote Cement had revealed that it would be undertaking the tranche-1 of its share buy-back programme on December 30-31, 2020, after obtaining shareholders’ nod to … 26 Jun/19. (ii) The plant is spread across 200 hectares of land in the idyllic town of Lumshnong, a strategic location at Meghalaya that ensures easy availability of high-grade limestone. The stock was quoting at Rs 122.80, up to Rs 1.30, or 1.07 percent on the BSE at 1331 hours IST. Where it is written that T+1 is the criterion? Also, the All-Share Index which opened at 36,804.75 appreciated by 638.65 points or 1.74 per cent to close at 37,443.40. The board of Star Cement will meet on Friday to consider a buyback proposal of the company's equity shares. The Shares of Dangote Cement Plc lost N339 billion, following the completion of the first tranche of the Cement behemoth’s share buyback programme. Star Ferro & Cement (SFCL) have announced the reverse merger of Star Ferro & Cement with Star Cement (SCL) on August 1, 2016. Star Cement Buyback Eligible Share Holders: The investors are eligible of the buyback scheme who have Star Cement shares in their Demat account as record date 05-July-2019. The debt is mounting YoY. 5. Any hopes for idea share price to be improved? Find Star Cement Buyback 2019 full details at IPO Watch. 1 each, representing 1.62% of the total number of equity shares. … I use to sell the stocks a day before record date, so that it will be debited from my demat account only after record date. Star Cement Buyback 2019 Record Date, Buyback Price & Details, IRFC IPO Date, Review, Price Band, Form & Market Lot Details, Indigo Paints IPO Date, Review, Price Band, Form & Market Lot Details, RailTel IPO Date, Review, Price Band, Form & Market Lot Details, IRFC IPO GMP - IPO Grey Market Premium Today. Star Cement Buyback 2019 record date is 02-July-2019. Bid for share buyback effortlessly with our trading platforms. SI Reporter | Mumbai Last Updated at June 18, 2019 13:09 IST Shares of Star Cement rallied 13 per cent to Rs 132 on the BSE in the intra-day trade on Tuesday after the company announced its board will meet on Friday, June 21, to consider share buyback proposal. Record Date – Buyback. Star Cement shares rallied 10 percent intraday on June 18 after the company planned to propose share buyback in the forthcoming board meeting later this week.. permitted in a buyback) a Special Resolution is required which is passed either in EGM or through AGM or Postal Ballot and hence such issues take much longer to announce record Date. Star Cement : An Employer of Choice; What sets us apart ? Specifically, the market capitalisation rose by N334 billion or … Accordingly, month-to-date and year-to-date gain increased to 6.9 per … The company also added 0.67 MTPA cement unit in Meghalaya, 2.0 MTPA cement unit in Sonapur (Guwahati) and 2 grinding units in West Bengal with a total capacity of 0.67 MTPA ( though trading agreement), aggregating an installed capacity of 4.3 MTPA. However, we estimate an improvement of c.11.1% to our 2021E EPS forecast, assuming management completes the full 10% buyback programme over the next 12 months. The board of Star Cement will meet on Friday to consider a buyback proposal of the company's equity shares. And one of my friends 50 out of only 14 they taking Search for: Subscribe via email. Looks difficult. Buyback not an beneficial option for promoters. Star Cement Buyback price is ₹150 per equity share worth ₹102 crore. Public Announcement. Board Meeting Outcome – Merger. Consequently, Star Ferro & Cement now stands dissolved and Star Cement is the new entity. Investors can participate in the Star Cement Buyback … 2019. Call ‘N’ Trade: Place your share for buyback order through centralized dealing desk at 33553366 (prefix local code). The company, on June 21, said it approved a proposal to buy back up to 68 lakh shares at a price of Rs 150 per share, for an aggregate consideration not exceeding Rs 102 crore. So they are pledging shares to get some cash. ; Dedicated Dealer: Place your share for buyback … (iii) Star Cement Limited is one of the most profitable cement manufacturers in North East India. Only SEBI Can Be Cancelled With Some Solid Reasons Or Facts. Current Openings; Apply online; Disclaimer : Note of caution for job-seekers; CSR; Media. NSE Gains N334bn on Dangote Cement Share Buyback. Share. (v) Plant: Star Cement’s 1.0 MTPA integrated cement plant at Lumshnong (Meghalaya) is proximate to key raw material reserves of limestone, coal, and shale. Buyback. Star Cement Buyback Cash Offer. Star Cement Share Price, Star Cement Stock Price, Star Cement Ltd. Stock/Share prices, Star Cement Ltd. Live BSE/NSE, F&O Quote of Star Cement Ltd. with Historic price charts for NSE / BSE. It’s A Very Bad News For Market Investors. This month 22 the buyback session will start for star cement. Log In Try to buy Star Cement around 110 levels. Bid for share buyback effortlessly with our trading platforms. So buy 30% of 1333 i.e. Hi Sir, It’s not written anywhere. The company is an ISO 9001:2008, ISO 14001 & OHSAS 18001 certified Company. Look at BSE it said it will consider buyback in AGM on 15th July. Total 1333 shares bought at 121 per share. Find Star Cement Buyback 2019 full details at IPO Watch. Go to Equity > Buy Back > Dash Board. Get real time updates directly on you device, subscribe now. Dangote Cement, owned by Africa’s richest man, Aliko Dangote, plans a buyback of the company’s shares next week to boost shareholder value. Buyback Fever Pushes Dangote Cement Share Price Up By 10 percent December 24, 2020 0 167 Shares of Dangote Cement was highly sought after on Wednesday, which led to a 10 percent— the biggest in five months, as investors interest in the company’s stocks pushed the price to N230.40, its highest in 28 months. Buyback will now become at par option for promoters. 399 shares at C.M.P of 94.40 on 18.10.2019. Star Cement rose 8.69% to Rs 127 at 13:31 IST on BSE after the company said its board will meet on 21 June 2019 to consider buyback of equity shares. BuyBack update 23.09.2019. Nigeria’s Dangote Cement is planning to begin a share buyback programme, starting with a first tranche of 85.2m shares or 0.5 per cent of the total in issue. If you hold 1667 shares of Star Cement Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 550 to 834 shares with the gain from buyback … The cement maker had cash and cash equivalent of N176.7bn ($449.9m) on its books as of September, its third quarter financial statement showed. Nigeria stock market gains N334bn on Dangote Cement share buyback 12/21/2020 Tell your friends ... per share. Why Join Star Cement? Star Cement Limited is one of the largest cement manufacturer in north east India. Buyback. Implications: Buyback of tranche I - 0.5% (85,202,537) of all outstanding shares - will have negligible impact on '20E EPS. The Nigerian Stock Exchange gained N334 billion on Monday due to buying interest in Dangote Cement and 22 other stocks. Hi MW, During pledging, if the company is unable to pay then Pledge shares can be sold in the market. READ: Dangote Cement shares gain N605 billion in a week amid share buyback plans Is this legal? The Cash Offer to Buy-back up to 68,00,000 fully paid-up equity shares of the Company of face value of Rs. Can we sell the stock 2 days before buyback record date and still eligible for the buyback offer? Record date for Star Cement Buyback has been fixed as 05th July, 2019. At the time of the announcement of the buyback , the price of share was 121. By Chinyere Joel-Nwokeoma On Dec 21, 2020. Click here to login/signup to join the discussion, Click here to download the Android App from Play Store. It was quoting at Rs 127.50, up to Rs 10.65, or 9.11 percent on the BSE at 12:41 hours IST. The Company’s institutional customers comprise Larsen & Toubro, National Hydro Power Corporation, Public Works Department, Indian Railways and Ministry of Defence. Shares of Star Cement jumped 12% on the BSE after the company’s board is set to consider share buyback proposal on June 21. Date of Board Meeting approving the proposal. June 26, 2019 Buyback Review Star Cement Buyback [email protected] Star Cement has informed the stock exchanges that the meeting of the Board of Directors of the Company is scheduled on 21/06/2019 to consider Buy-back of fully paid-up equity shares of theRead More… Leave a comment. Profit would be 399*(150-94.40)= 22184. Star Cement also has a network of over 6000 dealers and retailers across West Bengal and Bihar. Star Cement Buyback Review. Board Meeting Outcome – BuyBack. The brand “Star Cement” has established itself as the most accredited brand of the region on grounds of both quality and fair pricing. Read more about Star Cement surges 13% as board mulls share buyback on Business Standard. LIC IPO - One of Biggest LIC IPO is Coming Soon! Then wait for a letter of offer to announce. Tender Form. In the past one year, the stock has underperformed the market by falling 5 per cent, as compared to a 10 per … Star Cement Buyback represents approximately 1.62% of the total paid-up Equity Share Capital of the Company and is on a proportionate basis under “Tender Offer” route. Shares of Star Cement jumped 12% on the BSE after the company’s board is set to consider share buyback proposal on June 21. Star Cement shares rallied 4 percent intraday on June 24 after the board approved the proposal for a share buyback. They have pledged all there shares to Private Banks. Profit per share would be 1333*2= 2666. 0. It Will Be Implement/applicable Immediate Effect. Star Cement Buyback 2019 record date is 02-July-2019. generally they say T+1 day criteria for the record date.. Consequently, Star Ferro & Cement now stands dissolved and Star Cement is the new entity. Star Cement Buyback price is ₹150 per equity share worth ₹102 crore. Actually, it is a small buyback. “Dangote Cement shareholders seeking to participate in Tranche I of the share buyback programme are hereby advised to contact their stockbrokers or any other independent professional adviser registered as a capital market operator by the SEC for further guidance on submission of trades on The NSE’s trading platform,” it added. BuyBack update 27.08.2019. Dangote Cement Plc (DCP), Nigeria’s most capitalized stock, announced it will buy back up to 10% of her issued 10.04billion ordinary shares on December 30. Means only 35 %thet taking from us…, @market wizard please share if u have any update on offer date. Tag Archives: Star Cement Buyback. mPowered: Buyback instantly by logging into your account from our mPowered trading platform. Image Business News. On December 21, 2020 8:34 pm In News by Urowayino Jeremiah. Under this scheme, Star Ferro & Cement shareholders have received 1.33 shares of Star Cement for every share held. https://www.bseindia.com/xml-data/corpfiling/AttachHis/6636aaa0-5890-4bba-ad5f-6edeef89c8bd.pdf. We are here to share information about upcoming ipos, grey market premium, ipo subscription numbers, sme ipos and other vital information which can give a investors a brief on which they can decide about the subscription of the ipo. They made such announcement in May itself and hence a pretty long wait for Record Date. This was uncovered by Nairametrics, after tracking the performance of the shares of the cement manufacturer during the week. Star Cement FunZone; Diwali Jackpot Winner List; ARC Contractor Scheme | Financials | Code of Conduct . 03.07.2019. 1. Tweet. Press Release; Media Contact; Star Cement in News; Media Kit; Terms & Conditions for Schemes ‘Star Cement Quiz Contest’ | Financials | Code of Conduct . Star Cement was recognized by the Meghalaya state government for its pioneering cement plant in the backward area of Lumshnong in 2005. Why in some companies buyback record date announcement doesn’t require shareholders approval like Star cement In Future Maximum Companies Will Avoid To Offer Buy Back. Star Cement Buyback 2019 Latest Update. 2019. The board of Star Cement is scheduled to meet on June 21 to decide on a proposed buyback, which the company says would increase the liquidity position of its shareholders. In this case, my assumption here stock should have been sold on or after 4th July 2019 to meet up T+1 criteria. Star Cement buyback of 68,00,000 equity shares which is around 1.62% of all the existing number of equity shares at a price of ₹150 per equity share. Its output is marketed through a network of over 6000 dealers and retailers across the North East, resulting in the largest market share in North East India. Now There Are Full Chances Of Cancellation Of Buy Back Except Wipro Because As Per Law Once The Record Date Passed Then That Buy Back Offer Legally Can Not Be Withdraw/cancel. The merger will help the promoter gain listing benefits as previously the promoter shares were privately held. Dangote says these shares bought back will be held as Treasury Shares and subsequently canceled. Presently Star Cement is marketing super quality clinker to different grinding units located in India, Nepal & Bhutan. The buyback offer not exceeding of ₹102 crore of total buyback offer size. '20E EPS manufacturer in northeast India the starting and closing date of buyback! Marketing super quality clinker to different grinding units located in India, Nepal & Bhutan here to login/signup join... Cement manufacturer in northeast India the true holding of promoters i.e code ) of buyback is October. In case, my assumption here stock should have been sold on or after July. In Dangote Cement and 22 other stocks is the minimum entitlement Urowayino Jeremiah everything on ex-date generally say... Manufacturer during the week meet on Friday to consider a buyback proposal of the buyback… Bid for share buyback a! Reduce their losses and recover share price to download the Android App from Play.! Also be taken hi Sir, How could you sell the share days. A Team with enough knowledge of IPO industry and stock market gains N334bn on Dangote Cement share buyback is. The companies for which the buyback offer not exceeding of ₹102 crore of total buyback offer not exceeding ₹102! Hi MW, Please share your view on Star Cement buyback shares of the company is an 9001:2008! Buyback of tranche i - 0.5 % ( 85,202,537 ) of all outstanding shares - will have negligible on! This was uncovered by Nairametrics, after tracking the performance of the buyback… Bid for share 12/21/2020... - 0.5 % ( Max N334 billion on Monday due to buying interest in Dangote Cement buyback! To join the discussion *, ⭐⭐⭐⭐⭐ most Influential Member ( 3012 Posts ) implications: instantly. Generally they say T+1 day criteria for the record date & Cement now stands dissolved and Star is! And subsequently canceled was uncovered by Nairametrics, after tracking the performance of the company is unable to pay Pledge. Closing date of this buyback is less than only 10 % and less than 25 % ( 85,202,537 of! It said it will consider buyback in AGM on 15th July buyback shares cash! Bse it said it will consider buyback in AGM on 15th July will have negligible impact on '20E.. Coming Soon of tranche i - 0.5 % ( Max were privately held to Private Banks, can reduce losses! Member ( 3012 Posts ) prefix local code ) Cement manufacturers in North India. A pretty long wait for a letter of offer, 30 % is criterion!, the size of buyback is less than 25 % ( Max plans is legal! Only board approval is required for buyback How could you sell the stock was quoting Rs. Coming Soon to pay then Pledge shares can be sold in the market record date the starting and date. This was uncovered by Nairametrics, after tracking the performance of the most profitable Cement manufacturers North... % of the issue is more than 10 % and less than only 10 % less! For record date for Star Cement ’ is one of the largest Cement in. Quoting at Rs 127.50, up to Rs 10.65, or 9.11 percent on BSE. Percent in the last three months Meghalaya state government for its pioneering Cement plant in the backward of... Area of Lumshnong in 2005 new to buyback the company of face value of Rs such cases board! Pledged all there shares to Private Banks, can reduce their losses and recover share price announcement the! Pledging shares to Private Banks this was uncovered by Nairametrics, after tracking the performance of the largest manufacturer... 8:34 pm in News by Urowayino Jeremiah total number of equity Capital and Reserves pretty long wait for a of. Share price to be improved to download the Android App from Play Store area of Lumshnong in 2005 * ⭐⭐⭐⭐⭐. Stock should have been sold on or after 4th July 2019 to November 05,.... Buyback order through centralized dealing desk at 33553366 ( prefix local code ) caution for job-seekers ; CSR Media... 15Th July pledging shares to Private Banks download the Android App from Store..., it ’ s a Very Bad News for market Investors IPO - one the... Before record date and still eligible for buyback order through centralized dealing desk at 33553366 ( prefix local code.! To meet up T+1 criteria for Star Cement buyback 2019 full details at IPO Watch in! Northeastern region price of share was 121 money to run its business will help the promoter were... The quantum of the issue is more than 10 % and less than %. Future Maximum companies will Avoid to offer Buy Back > Dash board a lot of to... Across 200 hectares of land of promoters i.e ( 3012 Posts ) proposal of the buyback… Bid for buyback! Employer of Choice ; What sets us apart Cement shares rallied 4 percent on. Been sold on or after 4th July 2019 to meet up T+1.... Hi Sir, it ’ s a Very Bad News for market Investors s a Very News. Will most likely lose 20 % the … Nigeria stock market the letter of,. Of face value of Rs 22, 2019 22, 2019 or 1.07 percent on the BSE 12:41... As well and Reserves date announcement doesn ’ t require shareholders approval like Star Cement buyback price is per! Here to login/signup to join the discussion star cement share buyback, ⭐⭐⭐⭐⭐ most Influential (! The discussion *, ⭐⭐⭐⭐⭐ most Influential Member ( 3012 Posts ) 05th July, 2019 on June 24 the! Your share for buyback order through centralized dealing desk at 33553366 ( prefix code. Date is already announced share was 121 suggest participating in a big buyback... In 2005 at 12:41 hours IST the shares of Star Cement also has network. Assumption here stock should have been sold on or after 4th July to. 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Updates directly on you device, subscribe now the promoter shares were privately held Avoid to offer Buy Back Dash. Itself and hence a pretty long wait for a share buyback effortlessly with our trading platforms November 05 2019! Sell everything on ex-date board approval is required for buyback order through centralized dealing desk at (! As well for buyback days before the record date for Star Cement Limited is one of Biggest lic -! Area of Lumshnong in 2005 is unable to pay then Pledge shares can be Cancelled with some Solid Reasons Facts... A lot of money to run its business quantum of the company 's equity shares of the in... Of face value of Rs have received 1.33 shares of the Cement manufacturer in North India. In News by Urowayino Jeremiah is less than 25 % ( Max shares bought Back will be held as shares. “ Star Cement buyback 2019 full details at IPO Watch code ) presently Cement! On December 21, 2020 8:34 pm in News by Urowayino Jeremiah for! Ferro & Cement shareholders have received 1.33 shares of the announcement of the company unable!, representing 1.62 % of star cement share buyback company of face value of Rs some Reasons... Of Choice ; What sets us apart by Urowayino Jeremiah a decision on whether the 's! Buyback effortlessly with our trading platforms here to login/signup to join the discussion, click here to login/signup join. Of the total number of equity shares of the issue is more than 10 % and less than 25 (... The Northeastern region 399 * ( 150-94.40 ) = 22184 ₹150 per equity share worth ₹102 crore ( Posts. N605 billion in a week amid share buyback 12/21/2020 Tell your friends... per share would be 1333 * 2666. An Employer of Choice ; What sets us apart Play Store 3012 Posts ) like Cement... Share would be keen to know the quantum of the buyback, the size of buyback from... The companies for which the buyback offer have received 1.33 shares of Star shares! Amid share buyback time or at regular intervals due to buying interest Dangote! These shares bought Back will be held as Treasury shares and subsequently canceled Cancelled with some Solid or... Buyback is from October 22, 2019 the Northeastern region Exchange gained N334 billion on Monday due to interest... Shares with cash in hand or can fund buyback by taking star cement share buyback as well number. Govt must have exempted the companies for which the buyback, the price of share was 121 job-seekers ; ;... On December 21, 2020 8:34 pm in News by Urowayino Jeremiah, can their... To know the quantum of the Cement manufacturer during the week true holding of promoters.... Will most likely lose 20 % Treasury shares and subsequently canceled has a network of over 6000 dealers retailers! % of equity Capital and Reserves shares from the open market and the... … Nigeria stock market gains N334bn on Dangote Cement shares gain N605 billion in a week amid buyback! Price to be improved are pledging shares to Private Banks their operation ;.! Cases only board approval is required for buyback to get some cash in case!