15-Jul-2023
2 mins read
James Warren Tea Limited, a prominent tea production company with a rich history dating back to 1850, has announced a significant buyback proposal. The company has designated July 18, 2023, as the record date to ascertain the eligibility of its equity shareholders to participate in the buyback.
Company Details of James Warren Tea Limited
James Warren Tea Limited, a leading player in the tea industry, is primarily involved in the growth, processing, and distribution of tea. The company traces its roots back to 1850 when James Warren, its founder, planted his first tea estate near Dibrugarh. Over time, more properties were added, and in 1983, the company, Warren Tea Limited, was taken over by Govind Ruia, a notable business personality from Manchester, UK. Subsequently, seven estates were demerged to form James Warren Tea Limited.
With a workforce exceeding 9,500 individuals, James Warren Tea Limited operates many tea estates in the prime South Bank region of Upper Assam. These estates, spread across 4,000 hectares of fertile land, contribute to the high-quality tea production of the company.
The company began its journey with James Warren planting his first tea estate near Dibrugarh in 1850. Eventually, additional estates were brought under the company’s umbrella. In 1983, Warren Tea was procured by Govind Ruia, a renowned businessman from Manchester, UK. James Warren Tea Limited employs approximately 9,500 people and operates on a sprawling land area of 4,000 hectares. The company is known for producing both CTC and Orthodox teas, which enjoy widespread popularity both domestically and internationally.
The tea estates under James Warren Tea Limited include:
- Balijan (H) Tea Estate
- Deamoolie Tea Estate
- Dhoedhaam Tea Estate
- Rajah Alli Tea Estate
- Thowra Tea Estate
- Zaloni Tea Estate
James Warren Tea Limited Buyback 2023 Detail
| Issue Period | Yet to be announced |
| Security Name | James Warren Tea Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 700,000.00 |
| Issue Size (Amount) | Rs 17.50 Crores |
| Buyback Price | Rs 250 per share |
| Face Value | Rs 10 per share |
| Listing At | BSE |
Company Financials of James Warren Tea Limited (In Crore)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Reserves and Surplus |
| 31-Mar-18 | 153.18 | 121.1 | -2.53 | 94.97 |
| 31-Mar-19 | 167.56 | 148.98 | 4.03 | 98.59 |
| 31-Mar-20 | 138.69 | 145.79 | 3.01 | 79.12 |
| 31-Mar-21 | 145.71 | 133.98 | 28.96 | 86.88 |
| 31-Mar-22 | 130.79 | 116.44 | 8.25 | 67.54 |
The Necessity of the James Warren Tea Limited Buyback
The implementation of the buyback strategy will serve a number of significant purposes for the company. Primarily, it will maximise returns for shareholders, thereby leading to a substantial improvement in shareholder value. Additionally, it will assist in optimising the company’s capital structure, which is a crucial aspect of its financial stability and growth.
Lead Managers for James Warren Tea Limited Buyback
The lead manager for James Warren Tea Limited’s buyback is Fedex Securities Pvt Ltd.
How to Apply for James Warren Tea Limited Buyback
Wait for the buyback to open for subscription, then click on this link to apply for the James Warren Tea Limited Buyback with Bigul https://www.bonanzaonline.com/.
How to Check Allotment Status for James Warren Tea Limited Buyback
The registrar for James Warren Tea Limited Buyback is Maheshwari Datamatics Pvt. Ltd. To check your allotment status; please click on this link http://www.mdpl.in
FAQs
- What is the record date for the James Warren Tea Limited buyback?
The record date for the James Warren Tea Limited buyback is July 18, 2023. The record date is important as it helps determine who is an eligible shareholder who can participate in the buyback.
- What is the issue size of the James Warren Tea Limited buyback?
The issue size of the James Warren Tea Limited buyback is 700,000 shares.
- What is the buyback price per share?
The buyback price per share for James Warren Tea Limited is Rs 250.
- Where is the company’s listing?
James Warren Tea Limited is listed on BSE.
- Who is the lead manager for the James Warren Tea Limited buyback?
The lead manager for the James Warren Tea Limited buyback is Fedex Securities Pvt Ltd.
- How can I apply for the James Warren Tea Limited buyback?
You can apply for the James Warren Tea Limited buyback once it opens for a subscription via this link: https://www.bonanzaonline.com/.
- How can I check the allotment status for the James Warren Tea Limited buyback?
The allotment status for the James Warren Tea Limited buyback can be checked at this link: http://www.mdpl.in. The registrar for the buyback is Maheshwari Datamatics Pvt. Ltd.
- What types of tea does James Warren Tea Limited produce?
James Warren Tea Limited produces both CTC and Orthodox teas, which are popular in India and around the world.
- Where are the James Warren Tea Limited estates located?
James Warren Tea Limited operates multiple tea estates in the prime South Bank region of Upper Assam. The estates include Balijan (H) Tea Estate, Deamoolie Tea Estate, Dhoedhaam Tea Estate, Rajah Alli Tea Estate, Thowra Tea Estate, and Zaloni Tea Estate.