MindTree share buyback

Posted on 25th Jun 2017
by Vijay Jain


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What is the MindTree share buyback offer?

June 28,2017 - MindTree is consider a share buyback in board meeting which is planned on June 28,2017.

June 28,2017 - The MindTree board of directors has approved the proposal of buy back of 43.2 lakhs shares worth of 270 crore @Rs 625 per share.

Buy back price of MindTree share has not been finalized..

June 29,2017 - The Equity Shareholders of the Company approved the Buyback offer.

June 29,2017 - Company Officially announced the buyback offer.

Detail Article on Benefit from buyback offer >> Read

How much I can make with MindTree buyback offer?

Suppose if you have MindTree shares at Rs 550 and Buy back offer price is Rs 625, you can get Rs 75 per accepted share. If you hold 363 shares of MindTree and if proportionate acceptance is between 33% to 50%, in such case you are eligible to sell your 120 to 181 shares with the gain from buy back of Rs 9,000  to Rs 13,636.

Mindtree Buyback offer calculation for investment of Rs 2,00,000 @550 per share
% Share Accepted No of Shared Accepted Gain from Buyback Offer
33% 120 Rs 9000
50% 182 RS 13636
75% 273 Rs 20455
100% 364 Rs 27273

Record Date for MindTree Buyback offer – 11 July 2017

To participate in MindTree buyback offer, record date is 11 July 2017. Which means you should hold the MindTree share in your demat account by closing session of 7 July 2017. Share purchased on and before 7 July 2017 will be available in your demat account by 11 July 2017.

How many MindTree share are eligible for buyback?

Retail Investor can sell upto Rs 200,000 worth of shares.

When I need to offer my buyback share?

Buyback opening date for MindTree Shares: 18 Aug 2017

Buyback closing date for MindTree Shares: 1st Sep 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 5th Sep 2017.

When I will know how much shares accepted in MindTree buyback offer?

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 12the Sep 2017.

When and how will I get money for accepted share of MindTree buyback?

Money will be directly deposit in your registered bank account. Usually money will be deposited on and after 12the Sep 2017, which is last date of settlement of bids on the Stock Exchange.

In case of physical shares holding, you will get check.

What will be the status of rejected shares of MindTree buyback offer?

Rejected share will be available in your demat account and ready for trading in open market. – by 12the Sep 2017.

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User Comments

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4. Kunal Bansal  Aug 9, 2017 11:59:49 AM IST Reply
Hmm- Out of 188 Shares only 12 Shares Accepted....Big time down Mindtree.
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4.1. S N Bansal  Aug 10, 2017 4:03:54 PM IST
I have 360 Shares and i got email for 26 Shares.
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3. RAJINDER TYAGI  Aug 10, 2017 6:33:11 PM IST Reply
How is Mindtree calculating the number of buyback shares for individual and small investors? I hold 400 shares and recd an off of 9 shares but my son who holds 162 shares got offer of 11 shares? Pray, could anyone explain the logic and calculation?
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3.2. Vijay  Aug 11, 2017 10:47:20 AM IST
For Buy back shares holders are divided in 2 categories:

Reserved category for Small Shareholders ( “Reserved Category”)

General category for all Shareholders other than Small Shareholders (“General Category”)

Small Shareholders : Who holds Max Rs 2 Lacs worth of shares @ 524.70 per equity share – in such case Max 381 Equity Shares as of July 11,2017.
As per record date 97,492 Small Shareholders holding 92,12,678 Shares. 15% worth of stocks from Reserved Category are considered in buy back so 42,24,000 @15% is 6,33,600 shares out of 92,12,678 total shares.

Reserved Category       1 Equity Shares out of every 14.54 Equity Shares held on the Record Date 50 out of 727

General Category shall consist of 35,90,400 Equity Shares.

General Category 1 Equity Shares out of every 44.25 Equity Shares held on the Record Date 4 out of 177

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