Renaissance Jewellery Limited Buyback

Posted on 7th Jun 2017
by Vijay Jain


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What is the Renaissance Jewellery Limited share buyback offer?

May 30th 2017 - The Renaissance Jewellery Limited board of directors has approved the proposal of buy back of 2 lakhs shares worth of 500 lacks.

Buy back price of Renaissance Jewellery Limited share has been finalized Rs 250 per Share.

May 30th 2017 - The Equity Shareholders of the Company approved the Buyback offer.

May 30th 2017 - Company Officially announced the buyback offer.

Detail Article on Benefit from buyback offer >> Read

How much I can make with Renaissance Jewellery Limited buyback offer?

If you hold Renaissance Jewellery Limited share around Rs-200 where offer price is Rs-250, you can get Rs 50 per accepted share. If you hold 1000 share of Renaissance Jewellery Limited 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 16,650 to Rs 25,000.

When can I buy the Renaissance Jewellery Limited Share for buyback offer

Record Date for Renaissance Jewellery Limited Buyback offer – June 12th 2017

To participate in Renaissance Jewellery Limited buyback offer, record date is June 12th 2017. Which means you should hold the Renaissance Jewellery Limited share in your demat account by closing session of June 12th 2017. Share purchased on and before June 8th 2017 will be available in your demat account by June 12th 2017.

How many Renaissance Jewellery Limited 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 Renaissance Jewellery Limited Shares: August 21, 2017

Buyback closing date for Renaissance Jewellery Limited Shares: September 04,2017

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 September 06,2017.

When I will know how much shares accepted in Renaissance Jewellery Limited 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 September 12,2017.

When and how will I get money for accepted share of Renaissance Jewellery Limited buyback?

Money will be directly deposit in your registered bank account. Usually money will be deposited on and after September 12,2017, 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 Renaissance Jewellery Limited buyback offer?

Rejected share will be available in your demat account and ready for trading in open market. – by September 13,2017.

Renaissance Jewellery Limited Ratio of Buy Back

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 @ 176.15 per equity share - in such case Max 400 Equity Shares as of June 12,2017.

      Reserved Category - 1 Equity Shares out of every 54 Equity Shares held on the Record Date.

      General Category 1 Equity Shares out of every 308 Equity Shares held on the Record Date.

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User Comments

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2. Rajan  Jun 8, 2017 7:17:18 AM IST Reply
I have purchased [email protected], how log i need to hold the script to participate in buyback offer.
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2.1. M Jain  Jun 9, 2017 9:23:51 AM IST
record date is fixed- its 12th June 2017.Should be complete all process in next 1 month.

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