Dhampur Sugar board gives nod to buyback plan; check out price, record date, other key details

Dhampur Sugar buyback 2024 news: Dhampur Sugar Mills (DHAMPURSUG) shares registered mild gains on Thursday after the sugarcane processing company’s board approved a plan to buy back 10 lakh shares at Rs 300 per share. The Dhampur Sugar stock rose as much as one per cent to Rs 271.9 apiece in morning deals on BSE. Dhampur Sugar shares ended at Rs 271, up by 0.67 per cent on BSE.

Dhampur Sugar buyback price

The price of the buyback, estimated to be worth Rs 30 crore, implies a premium of 11.4 per cent over the previous close of the stock.  

Dhampur Sugar buyback size 

"Rs 30 crore  excluding expenses incurred or to be incurred for the Buyback viz. brokerage cost, fees, turnover charges, applicable taxes such as, Buyback tax, securities transaction tax, goods and services tax (if any), stamp duty, printing and dispatch expenses, if any, filing fees payable to the SEBI or any other Appropriate Authorities, Stock Exchange charges, advisor/legal fees, public announcement publication expenses and other incidental and related expenses and charges," according to a regulatory filling by the company. 

Dhampur Sugar buyback record date 

The company has fixed January 17 as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback. 

What does Dhampur Sugar do? 

Established in 1933, Dhampur Sugar is an organised sugar, chemical and cogeneration business of the country. Dhampur Sugar is an integrated sugarcane processing company. Dhampur Sugar is has largest sugarcane processing capacity in India and also have one of the highest ethanol manufacturing capacities relative to our cane crushing capacity, in the country. 

Catch the latest stock market updates here. For all other news related to business, politics, tech and auto, visit Zeebiz.com.