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Incorporated in 1953, Akzo Nobel India is leading company of paints, coatings and specialty chemicals. Well known brands like Dulux, Sikkens International and Interpon are part of AkzoNobal Group.
Apr 06,2018 - Akzo Nobel India Limited(BSE: 500710 | NSE: AKZOINDIA) board has approved a proposal for buyback of up to 11.20 lakh shares at Rs 2100 per share, aggregating Rs 235.20 cr which is 2.81% of total number of paid-up equity shares capital.
Below is the complete details about Akzo Nobel India Limited Buyback. Record date, buyback open and close dates are announce in below section.
Buyback Type: | Tender Offer |
Buyback Offer Amount: | Rs 235.20 Cr |
Buyback Number of Shares: | 11.20 lakhs |
Buyback Price: | Rs 2100 |
Buyback Offer Size (In %): | 2.61% |
Total Share Capital: | 8,907.92 Cr |
Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Akzo Nobel India Limited buyback offer? No
In this section we have covered all important dates related to Akzo Nobel India Limited Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
Buyback Activity | Date |
---|---|
Board Meeting for Buyback proposal | 16th Apr 2018 |
Buyback Approval date | 25th May 2018 |
Public Announcement of Buyback | 29th May 2018 |
Record Date | 7th Jun 2018 |
Buyback opens on/Buyback Opening Date | 6th Jul 2018 |
Buyback closes on/Buyback Closing Date | 19th Jul 2018 |
Cut-off date to receive completed tender forms by Registrar | 21st Jul 2018 |
Cut-off date for verification by the Registrar | 21st Jul 2018 |
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
21st Jul 2018 |
Last date of settlement of bids on the stock exchange | 21st Jul 2018 |
Last date to return unaccepted shares by Registrar | 30th Jul 2018 |
Last date of extinguishment of Equity Shares | 2nd Aug 2018 |
Stock Holding table gives a clear picture on retail investor holdings of Akzo Nobel India Limited shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
Holding Type | In % |
---|---|
Promoter-Foreign | 72.96% |
Promoter-Indian | 0.0% |
Non-Promoter-Institutions | 10.45% |
Non-Promoter-Non-Institutions | 16.59% |
Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
---|---|---|
Reserved Category | 15 Equity Share out of every 97 fully paid-up Equity Share held on the Record Date. | 15.46 |
General Category | 1 Equity Share out of every 48 fully paid-up Equity Share held on the Record Date. | 2.08% |
For Akzo Nobel India Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 112.10%, No. of Equity Shares reserved in Buyback was 168000 where valid bid received for retail category was 188336 which is 112.10% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 317.19%, No. of Equity Shares reserved in Buyback was 952000 where valid bid received for retail category was 3364545 which is 317.19%. Final Acceptance Ratio for Retail Investors was 90%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
---|---|---|---|---|---|---|---|
Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 819.00 (0.44%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 140.55 (0.14%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 277.50 (-1.65%) | 25-08-2023 | TBD | TBD | Dwarikesh Sugar Industries Limited | Tender Offer | ₹31.50Cr | 105 | 69.50 (-5.61%) | 20-03-2024 | 27-03-2024 | 03-04-2024 | Garware Technical Fibres Limited | Tender Offer | ₹199.50Cr | 3800 | 3323.25 (2.01%) | 26-03-2024 | 01-04-2024 | 05-04-2024 | Freshtrop Fruits Limited | Tender Offer | ₹33.69Cr | 175 | 165.15 (0.76%) | 02-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Akzo Nobel India Limited Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Akzo Nobel India Limited? How can I apply in Akzo Nobel India Limited Buyback offer?Last Updated on 2018-10-25T05:02:57+00:00