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| Title | Detail |
|---|---|
| Company Name: | Filatex India Ltd |
| Buyback Type: | Tender Offer |
| Total Share Capital: | Rs 2837 Cr |
| Offer Amount: | Rs 59.5 Cr |
| Offer Size: | 8.63% |
| Buyback Number of Shares: | 42.5 lakhs |
| Buyback Price: | 140 |
| Approx Entry Price: | 122 |
| Promoters In: | Y |
| Buyback Approval Date: | 29-03-2022 |
| Record Date: | 08-04-2022 |
| Open Date: | 09-05-2022 |
| Close Date: | 23-05-2022 |
| Payment Date: | 01-06-2022 |
| Record Date Price: | 130.35 |
| Maximum Retail Quantity: | 1533 |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | Letter of Offer |
| Acceptance Ratio Retail: | 23 Equity Shares out of every 226 fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio Retail %: | 10.18 |
| Acceptance Ratio General: | 8 Equity Shares out of every 485 fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio General %: | 1.65% |
| Final Acceptance Ratio %: | - |
The Record Date for Filatex India Ltd Buyback offer is 8th Apr 2022
Which means you should hold the Filatex India Ltd share in your demat account by closing session of 8th Apr 2022. Share purchased on and before (8th Apr 2022) - 2 business days will be available in your demat account by 8th Apr 2022.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Filatex India Ltd shares at ₹122 and buyback offer price is ₹140, you can get ₹18 per accepted share. If you hold 1639 shares of Filatex India Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 541 to 820 shares with the gain from buyback of ₹9738 to ₹14760.
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% | 541 | ₹9738 |
| 50% | 820 | ₹14760 |
| 75% | 1229 | ₹22122 |
| 100% | 1639 | ₹29502 |
Steps to participate in Filatex India 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 Filatex India Ltd: 9th May 2022
Buyback closing date for Filatex India Ltd: 23rd Sep 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 1st Jun 2022.
Buyback opening date for Filatex India Ltd: 9th May 2022
Buyback closing date for Filatex India Ltd: 23rd Sep 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 .
