Posted on 6th Jun 2017
by Vijay Jain
March 20rd 2017 - The HCL Technologies board of directors has approved the proposal of buy back of 3.5 crore shares worth of 3500 crore.
Buy back price of HCL Technologies share has been finalized at Rs 1000 per Share.
May 17th 2017 – The Equity Shareholders of the Company approved the Buyback offer.
May 18th 2017 – Company Officially announced the buyback offer.
Detail Article on Benefit from buyback offer >> Read
If you hold HCL Technologies share around Rs 850 where offer price is Rs 1000, you can get Rs 150 per accepted share. If you hold 200 share of HCL Technologies and in proportionate acceptance is between 33% to 50%, in such case you are eligible to sell your 75 to 100 share with the gain from buy back can be Rs 11,250 to Rs 15,000.
Record Date for HCL Technologies Buyback offer – May 25nd 2017
To participate in HCL Technologies buyback offer, record date is May 25th 2017 which means you should hold the HCL Technologies share in your demat account by closing session of May 25th 2017. Share purchased on and before May 22th 2017 will be available in your demat account by May 25th 2017.
Retail Investor can sell upto Rs 200,000 worth of shares.
Buyback opening date for HCL Technologies Shares: June 12th 2017
Buyback closing date for HCL Technologies Shares: June 23rd 2017
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by June 27th 2017.
As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar – by July 5th 2017.
Money will be directly deposit in your registered bank account. Usually money will be deposited on and after July 5th 2017, which is last date of settlement of bids on the Stock Exchange.
In case of physical shares holding, you will get a check.
Rejected share will be available in your demat account and ready for trading in open market. – by July 5th 2017.
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