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Sep 17, 2018: Redington (India) ltd (BSE:532805 | NSE:REDINGTON) board has approved a proposal for buyback of up to 1.11 Cr shares at Rs 125 per share, aggregating Rs 139 cr which is 2.87% of total number of paid-up equity shares capital.Record date for buyback is also announced as 28 Sep 2018.
Below is the complete details about Redington India Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 139 Cr |
| Buyback Number of Shares: | 1.11 Cr |
| Buyback Price: | Rs 125 |
| Buyback Offer Size (In %): | 2.78% |
| Total Share Capital: | Rs 4169.80 Cr |
| Face Value: | 2 Per Equity Share |
Can I Invest today to participate in Redington India Ltd buyback offer? No
In this section we have covered all important dates related to Redington India 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 | 17th Sep 2018 |
| Buyback Approval date | 17th Sep 2018 |
| Public Announcement of Buyback | 19th Sep 2018 |
| Record Date | 28th Sep 2018 |
| Buyback opens on/Buyback Opening Date | 6th Nov 2018 |
| Buyback closes on/Buyback Closing Date | 22nd Nov 2018 |
| Cut-off date to receive completed tender forms by Registrar | 27th Nov 2018 |
| Cut-off date for verification by the Registrar | 3rd Dec 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
3rd Dec 2018 |
| Last date of settlement of bids on the stock exchange | 4th Dec 2018 |
| Last date to return unaccepted shares by Registrar | 4th Dec 2018 |
| Last date of extinguishment of Equity Shares | 11th Dec 2018 |
Stock Holding table gives a clear picture on retail investor holdings of Redington India 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 | 0.0% |
| Non-Promoter-Institutions | 57.39% |
| Non-Promoter-Non-Institutions | 42.61% |
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 71 Equity Shares out of every 391 fully paid-up Equity Shares held on the Record Date. | 18.15 |
| General Category | 5 Equity Shares out of every 207 fully paid-up Equity Shares held on the Record Date. | 2.42% |
For Redington India Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 1333.41%, No. of Equity Shares reserved in Buyback was 9452000 where valid bid received for retail category was 126033947 which is 1333.41% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 268.93%, No. of Equity Shares reserved in Buyback was 1668000 where valid bid received for retail category was 4485852 which is 268.93%. Final Acceptance Ratio for Retail Investors was 37.18%.
Final buyback acceptance ratio for the retail investor is 37.18%. Approx return for Redington India buyback for the retail investor has come to approx 6.0%.
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 | 933.35 (0.18%) | 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 | 162.50 (-1.34%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 289.85 (-0.38%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 464.70 (1.10%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Redington India 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 Redington India Ltd? How can I apply in Redington India Ltd Buyback offer?Last Updated on 2018-12-12T11:09:33+00:00
