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Feb 06,2018 - MOIL Ltd(BSE: 533286 | NSE: MOIL ) Board has approved a proposal for buyback of up to 87.66 lakhs shares at Rs 240 per share, aggregating Rs 210.4 cr which is 3.29% of total number of paid up equity shares.
Below is the complete details about MOIL Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 210.4 cr |
| Buyback Number of Shares: | 87.66 lakhs |
| Buyback Price: | Rs 240 |
| Buyback Offer Size (In %): | 3.29% |
| Total Share Capital: | Rs 5,858.93 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in MOIL Ltd buyback offer? No
In this section we have covered all important dates related to MOIL Ltd 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 | 6th Feb 2018 |
| Buyback Approval date | 6th Feb 2018 |
| Public Announcement of Buyback | 6th Feb 2018 |
| Record Date | 20th Feb 2018 |
| Buyback opens on/Buyback Opening Date | 7th Mar 2018 |
| Buyback closes on/Buyback Closing Date | 20th Mar 2018 |
| Cut-off date to receive completed tender forms by Registrar | 22nd Mar 2018 |
| Cut-off date for verification by the Registrar | 22nd Mar 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
26th Mar 2018 |
| Last date of settlement of bids on the stock exchange | 27th Mar 2018 |
| Last date to return unaccepted shares by Registrar | 27th Mar 2018 |
| Last date of extinguishment of Equity Shares | 2nd Apr 2018 |
Stock Holding table gives a clear picture on retail investor holdings of MOIL Ltd 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 | 0.0% |
| Promoter-Indian | 65.58% |
| Non-Promoter-Institutions | 17.22% |
| Non-Promoter-Non-Institutions | 17.21% |
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 32 Equity Share out of every 525 fully paid-up Equity Share held on the Record Date. | 6.10% |
| General Category | 29 Equity Share out of every 856 fully paid-up Equity Share held on the Record Date. | 3.39% |
For MOIL Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 283.43%, No. of Equity Shares reserved in Buyback was 7451712 where valid bid received for retail category was 21120418 which is 283.43% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 212.12%, No. of Equity Shares reserved in Buyback was 1315008 where valid bid received for retail category was 2789433 which is 212.12%. Final Acceptance Ratio for Retail Investors was 46%.
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 | 931.65 (-1.06%) | 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 | 164.70 (0.61%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 290.95 (-1.59%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.65 (-0.45%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
MOIL Ltd 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 MOIL Ltd? How can I apply in MOIL Ltd Buyback offer?Last Updated on 2018-10-25T04:28:34+00:00
How much eligible for buy back