stablished in the rich heritage of tea cultivation, James Warren Tea Limited specializes in the cultivation, manufacturing, and distribution of tea, creating a legacy that spans generations.
The company’s origins trace back to the visionary James Warren himself, who took the first steps in tea estate cultivation near Dibrugarh in 1850. Through subsequent expansions, this legacy evolved and flourished. In a significant turn, Warren Tea Limited became an integral part of the business portfolio of Govind Ruia, a prominent luminary in the world of commerce hailing from Manchester (UK), who acquired the company in 1983. This marked the beginning of a new chapter, leading to the demerger of seven estates that would form the foundation of James Warren Tea Limited.
With an extensive workforce exceeding 9,500 dedicated individuals, James Warren Tea Limited stands as a substantial contributor to employment and industry. The company’s tea estates are strategically nestled within the esteemed South Bank region of Upper Assam, renowned for its superior tea quality. Spanning a sprawling expanse of 4,000 hectares, these lush estates embody the commitment to excellence that has become synonymous with the James Warren Tea brand.
James Warren Tea Ltd Stock Quote #
James Warren Tea Buyback 2023 Detail #
| Issue Period | Jul 24, 2023 – Jul 28, 2023 |
| Security Name | James Warren Tea Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 700,000.00 |
| Issue Size (Amount) | ₹17.50 Crores |
| Buyback Price | ₹250 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
James Warren Tea Buyback 2023 Issue Timetable #
| Last Date to buy shares | Jul 17, 2023 |
| Record Date | Jul 18, 2023 |
| Offer Opens On | Jul 24, 2023 |
| Last Date for receipt of Tender Forms | Jul 28, 2023 |
| Offer Closes On * | Jul 28, 2023 |
| Finalisation of Buyback Acceptance | Aug 3, 2023 |
| Last Date for settlment of bids | Aug 4, 2023 |
| Last Date for Extinguishment of Shares | Aug 14, 2023 |
Buyback Ratio #
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 7 Equity Shares out of every 44 Fully paid-up Equity Shares held on the Record Date. | 115,215.00 |
| General Category for all other Eligible Shareholders | 7 Equity Shares out of every 44 Fully paid-up Equity Shares held on the Record Date. | 584,785.00 |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-18 | 153.18 | 121.10 | -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 |
| Amount in ₹ Crore | ||||
Stock price at BSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2023 | 242.80 | 240.70 | 241.78 |
| Jun-2023 | 246.30 | 239.05 | 242.89 |
| May-2023 | 288.85 | 238.25 | 267.82 |
Necessity of the Issue #
The buyback will help the company achieve the following objectives:
- Optimize returns to shareholders,
- Enhance overall shareholders’ value, and
- Optimize the capital structure.
James Warren Tea Buyback 2023 Documents #
Company Contact Information #
12, Pretoria Street,Kolkata – 700071Phone: +91-33-40341000
Email: sec@jwtl.in
Website: https://www.jameswarrentea.com/
James Warren Tea Buyback 2023 Registrar #
- Maheshwari Datamatics Pvt. Ltd
Maheshwari Datamatics Pvt. Ltd,
6, Mangoe Lane,
2nd Floor, Kolkata-700 001Phone: 033 22435029 / 22482248
Email: mdpldc@yahoo.com
Website: http://www.mdpl.in
