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| Title | Detail |
|---|---|
| Company Name: | CARE Ratings Ltd |
| Buyback Type: | Tender Offer |
| Total Share Capital: | - |
| Offer Amount: | Rs 121.95 Cr |
| Offer Size: | 7.99% |
| Buyback Number of Shares: | 23.68 lakhs |
| Buyback Price: | 515 |
| Approx Entry Price: | 450 |
| Promoters In: | Y |
| Buyback Approval Date: | 12-7-2022 |
| Record Date: | 14-09-2022 |
| Open Date: | 18-11-2022 |
| Close Date: | 01-12-2022 |
| Payment Date: | 03-12-2022 |
| Record Date Price: | 523.80 |
| Maximum Retail Quantity: | 380 |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | Letter of Offer |
| Acceptance Ratio Retail: | 60 Equity Share out of every 539 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio Retail %: | 11.13 |
| Acceptance Ratio General: | 69 Equity Shares out of every 907 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio General %: | 7.61% |
| Final Acceptance Ratio %: | - |
The Record Date for CARE Ratings Ltd Buyback offer is 14th Sep 2022
Which means you should hold the CARE Ratings Ltd share in your demat account by closing session of 14th Sep 2022. Share purchased on and before (14th Sep 2022) - 2 business days will be available in your demat account by 14th Sep 2022.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have CARE Ratings Ltd shares at ₹450 and buyback offer price is ₹515, you can get ₹65 per accepted share. If you hold 444 shares of CARE Ratings Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 147 to 222 shares with the gain from buyback of ₹9555 to ₹14430.
The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.
| % Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
|---|---|---|
| 33% | 147 | ₹9555 |
| 50% | 222 | ₹14430 |
| 75% | 333 | ₹21645 |
| 100% | 444 | ₹28860 |
Steps to participate in CARE Ratings Ltd buyback:
Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.
Buyback opening date for CARE Ratings Ltd: 18th Nov 2022
Buyback closing date for CARE Ratings Ltd: 1st Dec 2022
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 .
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 on or before 3rd Dec 2022.
Buyback opening date for CARE Ratings Ltd: 18th Nov 2022
Buyback closing date for CARE Ratings Ltd: 1st Dec 2022
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 .
