Although the last move by SEBI will definitely boom the buyback practice and buy back shall remain the preferred choice at this time for such economic low. The buyback price is at a premium of 31 percent to current closing prices on March 12. The stock hit 52-week low at Rs 113.10 during intraday trade. 1163.46 Lakhs including corporate dividend tax of RS. Supreme Petrochem promoted by Supreme Industries (SIL) and R Raheja Investments was incorporated in Dec. 1989. 185: Rs. Supreme Petrochem Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 23, 2020, inter alia, has declared Interim Dividend of Rs.2.50/- per equity share of the Company for the Financial Year 2020-2021 on its paid up equity share capital (consisting of 94020671 equity shares of Rs. Supreme Petrochem Limited Board has approved a buyback of up to 41 lakh shares (9.99%) at Rs185/share, aggregating to Rs62.67crore. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. Supreme Petrochem Ltd (SPL) (BSE: 500405:NSE: SUPPETRO) is India’s largest producer and exporter of polystyrene polymer based in Mumbai, Maharashtra, India. Get Indian Chemical News's top stories every morning in your email inbox. Supreme Petrochem said its board approved buyback of upto 41 lakh shares at a price not exceeding Rs 185 per share. 100 Cr, Kearney's presentation on 'Making India a Global Agrochemical Manufacturing Hub', AVEVA's presentation on 'Sustainability Via Digital Transformation', Instead of restricting the glyphosate herbicide use, Government should prevent the illegal cultivation of HT Cotton says ACFI, AI-powered drones for precision agriculture : The secret to scaling and sustenance, Digital Transformation is a key priority area for us says R. S. Jalan, GHCL, Hybrid models are a game changer in process engineering and plant improvement, says Sanjeev Mullick, VP – Sales, Asia Pacific and Japan, AspenTech, Chemical industry has always been a consistent value creator with incredible growth opportunities, says Rahul Tikoo, Managing Director – South Asia, Huntsman, E-conference on Achieving Sustainability Via Digital Transformation, E-conference on Role of R&D in Making Chemical Industry Aatma Nirbhar, Role of Digitization to Make Chemical Industry Aatma Nirbhar. Supreme Petrochem LTD Technical Data Sheets. SPL owns and operates production facilities from two locations in India, the first at Amdoshi – Wangani Village near Nagothane in District Raigad Maharashtra and the second in New Manali Town near Chennai in Tamil Nadu. Returning surplus cash. Supreme Petrochem Limited Share Price Today, Live NSE Stock Price: Get the latest Supreme Petrochem Limited news, company updates, quotes, offers, annual financial reports, graph, volumes, 52 week high low, buy sell tips, balance sheet, historical charts, market performance, capitalisation, dividends, volume, profit and loss account, research, results and more details at NSE India. 10/- each (viz. Know everything about the buyback from JustDial. SPL is also the largest exporter of PS from India, exporting to … Supreme Petrochem: Buyback amount Rs. Supreme Petrochem increases promoter stake The Board of Directors of Supreme Petrochem Limited (SPL) at its meeting held on March 12, 2020 has approved buyback of 2.27 percent share proposal of the company under the Provisions of the Companies Act, 2013 and SEBI (Buy-Back) Regulations, 2018 Shares of Supreme Petrochem are currently trading at a P/E multiple of 31.2x/15.0x on FY21/22E earnings, respectively after rallying ~17% in YTD. 1,500,000,000 and its paid up capital is Rs. 10 each from open market through the stock exchange mechanism, for an amount not exceeding Rs. This page has links to all data sheets in MatWeb for the manufacturer Supreme Petrochem LTD. We have several search tools, listed above, that give you more efficient methods to reach the information that you need. It manufactures styrene monomer and polystyrene. The maximum buyback size represents 9.998% of the aggregate of the total paid-up equity capital and free reserves of the company based on the audited financial statements of the firm for last financial year ended on 31 March 2019. Emami is today among the gainers on the bourses as its Board is meeting today to decide on the intricacies of the buyback. All these companies announced a buyback in March and, all of them are buying back less 10% of their paid-up equity. 3 The Supreme Group Supreme Industries: Engaged in processing of polymers and resins into finished plastic products 29.99 per cent stake in Supreme Petrochem Supreme Industries Overseas (FZE) - A wholly owned subsidiary, in the United Arab Emirates. The dates of the buyback offer will be mentioned in the public announcement, the company's statement added. The Styrenics facility at Amdoshi – Wangani Manufactures Supreme Petrochem: Manufactures Polystyrene, Expanded Polystyrene (normal and cup grade), The stock traded in the range of Rs 113.10 to Rs 164 so far. SUPREME PETROCHEM LTD (SPL) owns and operates state-of-the art production facilities from two locations in India, the first at Amdoshi – Wangani Village near Nagothane in District Raigad Maharashtra and the Second in New Manali Town near Chennai in Tamil Nadu.SPL exports its Products to more than 100 Countries around the Globe. Browse Job openings in Supreme Petrochem (SPL). Its authorized share capital is Rs. The Board of Directors of Supreme Petrochem Limited (SPL) at its meeting held on March 12, 2020 has approved buyback of 2.27 percent share proposal of the company under the Provisions of the Companies Act, 2013 and SEBI (Buy-Back) Regulations, 2018.
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