Dhampur Sugar Mills Limited has informed the Exchange regarding 'Dispatch of Letter of Offer for Buyback'.
DHAMPURSUG · price
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Dhampur Sugar Mills has completed the dispatch of the Letter of Offer for its share buyback on May 27, 2025. The company plans to buy back up to 10,81,081 fully paid-up equity shares (face value Rs. 10 each) at a price of Rs. 185 per share, amounting to roughly Rs. 20 crore in total. Eligible shareholders as on the record date of May 23, 2025 can tender their shares between May 29 and June 4, 2025. The buyback ratio is 2 equity shares for every 121 shares held, applying equally to small shareholders and the general category. Shareholders can download pre-filled tender forms from the registrar's website.
The buyback signals that the company views its shares as undervalued and is returning surplus cash to shareholders, which is generally a positive indicator. Eligible shareholders have a short one-week window to decide whether to tender; those who do not participate will see their proportional ownership slightly increase after the buyback.