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| Title | Detail |
|---|---|
| Company Name: | MOIL Limited |
| Buyback Type: | Tender Offer |
| Total Share Capital: | - |
| Offer Amount: | 693.77 Cr |
| Offer Size: | - |
| Buyback Number of Shares: | 3.38 Cr |
| Buyback Price: | 205 |
| Approx Entry Price: | 170 |
| Promoters In: | Y |
| Buyback Approval Date: | 10-12-2021 |
| Record Date: | 31-12-2021 |
| Open Date: | 28-01-2022 |
| Close Date: | 10-02-2022 |
| Payment Date: | 21-02-2022 |
| Record Date Price: | 169.10 |
| Maximum Retail Quantity: | 1182 |
| Draft Letter of Offer: | - |
| Letter of Offer: | Letter of Offer |
| Acceptance Ratio Retail: | 123 Equity Share out of every 625 fully paid-up Equity Share held on the Record |
| Acceptance Ratio Retail %: | 19.68 |
| Acceptance Ratio General: | 99 Equity Share out of every 728 fully paid-up Equity Share held on the Record |
| Acceptance Ratio General %: | 13.60 |
| Final Acceptance Ratio %: | 65% |
The Record Date for MOIL Limited Buyback offer is 31st Dec 2021
Which means you should hold the MOIL Limited share in your demat account by closing session of 31st Dec 2021. Share purchased on and before (31st Dec 2021) - 2 business days will be available in your demat account by 31st Dec 2021.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have MOIL Limited shares at ₹170 and buyback offer price is ₹205, you can get ₹35 per accepted share. If you hold 1176 shares of MOIL Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 388 to 588 shares with the gain from buyback of ₹13580 to ₹20580.
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% | 388 | ₹13580 |
| 50% | 588 | ₹20580 |
| 75% | 882 | ₹30870 |
| 100% | 1176 | ₹41160 |
Steps to participate in MOIL Limited 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 MOIL Limited: 28th Jan 2022
Buyback closing date for MOIL Limited: 10th Feb 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 21st Feb 2022.
Buyback opening date for MOIL Limited: 28th Jan 2022
Buyback closing date for MOIL Limited: 10th Feb 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 .
