MOIL is a Schedule “A” Miniratna Category-I Company. It was originally incorporated as Manganese Ore (India) Limited in the year 1962. Subsequently, name of the Company was changed from Manganese Ore (India) Limited to MOIL Limited during the financial year 2010-11.

    During the Financial year 2010-11, MOIL got listed on 15th December, 2010 on National Stock Exchange and Bombay Stock Exchange.

    At present, MOIL operates 11 mines, seven located in the Nagpur and Bhandara districts of Maharashtra and four in the Balaghat district of Madhya Pradesh. All these mines are about a century old. Except 4, rest of the mines are worked through underground method. The Balaghat Mine is the largest mine of the Company. The mine has now reached a mining depth of about 383 meters from the surface. Dongri Buzurg Mine located in the Bhandara district of Maharashtra is an opencast mine that produces manganese dioxide ore used by dry battery industry. This ore in the form of manganous oxide is used as micro-nutrient for cattle feed and fertilizers. MOIL fulfils about 50% of the total requirement of dioxide ore in India. At present, the annual production is around 1.1 million tonne which is expected to grow in the coming years.

    MOIL produces and sells different grades of Manganese Ore.
    For more information about the company, click

    Objects of the Buyback :
    The Buyback aims to :
    i) Reduce outstanding number of equity shares and consequently increase earnings per share and book value per share.
    ii) Effectively utilize available cash; and
    iii) Improve key return ratios like return on equity capital.

    MOIL Buyback Detail
    Issue Period : Jan 28, 2022 to  Feb 10, 2022
    Security Name MOIL Limited
    Issue Type Tender Offer
    Issue Size (Shares) 3.38 Crores
    Issue Size (Amount) Rs 693.77 Crores
    Buyback Price Rs 205 per share
    Face Value Rs 10 per share
    Listing At BSE, NSE

    MOIL Buyback Issue Timetable
    Offer Opens On Jan 28, 2022
    Offer Closes On Feb 10, 2022
    Record Date Dec 31, 2021
    Last Date for receipt of Tender Forms Feb 12, 2022
    Finalisation of Buyback Acceptance Feb 18, 2022
    Last Date for settlment of bids Feb 21, 2022
    Last Date for Extinguishment of Shares Feb 28, 2022

    Buyback Ratio
    Category Entitlement Ratio of Buyback
    Reserved Category for Small Shareholders :
    123 Equity Shares out of every 625 shares held on the record date.
    General Category for all other Eligible Shareholders
    99 Equity Shares out of every 728 shares held on the record date.:

    Registered Office of MOIL Limited
    MOIL Bhawan, 1A, Katol Road,
    Nagpur – 440013, Maharashtra
    Email: [email protected]

    MOIL Buyback Lead Manager
    IDBI Capital Market Services Limited
    Registered Broker
    IDBI Capital Markets & Securities Limited

    MOIL Buyback Registrar
    Bigshare Services Pvt Ltd

    Chanakya’s Observations:

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