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Akzo Nobel India Limited Buyback Apr 2018

Rated 3.5/5 by Team InvestorGain

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.

What is the Akzo Nobel India Limited share buyback offer?

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.

What is Akzo Nobel India Limited Buyback details?

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

What are Akzo Nobel India Limited Buyback Important Dates?

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.

Akzo Nobel India Limited buyback offer important dates
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

Akzo Nobel India Limited Share Holding Pattern as of Dec 2017

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%

Akzo Nobel India Limited Ratio of Buyback

    For Buy back shares holders are divided in 2 categories:
  • Reserved category for Small Shareholders ("Reserved Category") - Who holds Max Rs 2 Lakhs worth of shares @Rs 1873 per equity share - in such case Max 106 Equity Shares as of Record Date 7th Jun 2018.
  • General category for all Shareholders other than Small Shareholders ("General Category")

Akzo Nobel India Limited Ratio of Buy Back

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%

Post buyback comments Akzo Nobel India Limited

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%.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
Tanla Platforms LtdTender OfferRs 170 Cr1200819.00 (0.44%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245140.55 (0.14%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500277.50 (-1.65%)25-08-2023TBDTBD
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10569.50 (-5.61%)20-03-202427-03-202403-04-2024
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003323.25 (2.01%)26-03-202401-04-202405-04-2024
Freshtrop Fruits LimitedTender Offer₹33.69Cr175165.15 (0.76%)02-04-2024TBDTBD

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?

Company Contact Information

Geetanjali Apartment,
1st Floor,8-B, Middleton Street,
Kolkata
West Bengal
700071

Registrar Contact Information

C B Management Services Ltd.,
P-22, 2nd Floor,
Bondel Road
Kolkata - 700019
West Bengal

Last Updated on 2018-10-25T05:02:57+00:00

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