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incorporated in 1999, Aditya Vision is a fast growing Retail Electronic Chain in Bihar. At present, they company have 44 retail stores with 10,000+ product range in electronic space. The company started its business with one retail store in patna in 1999 and exteded its presence in bihar with 44 stores.
Nov 26th, 2019: Aditya Vision Limited (BSE:540205 | NSE: ) board has approved a proposal for purchase of up to 33.50 lakh (Thirty Three Lakhs Fifty Thousand only) shares at Rs 20 (Rupees Twenty Only) per share, aggregating Rs 6.7 Cr(Rupees Six Crores and Seventy lakhs only) (Buyback Offer Size) that is 23.74% of total paid equity share capital.
Below is the complete details about Aditya Vision Ltd Buyback. Record date, buyback open and close dates are announce in below section.
Buyback Type: | Tender Offer |
Buyback Offer Amount: | Rs 6.7 Cr |
Buyback Number of Shares: | 6.7 Lakhs |
Buyback Price: | Rs 20 |
Buyback Offer Size (In %): | 23.74% |
Total Share Capital: | Rs 41.48 Cr |
Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Aditya Vision Ltd buyback offer? No
As current market price of Aditya Vision is much higher then the proposed tender price, so that are no use of tender your shares in buyback. We recommend to avoide this buyback..
In this section we have covered all important dates related to Aditya Vision Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
Buyback Activity | Date |
---|---|
Board Meeting for Buyback proposal | 26th Nov 2019 |
Buyback Approval date | 26th Nov 2019 |
Public Announcement of Buyback | 26th Nov 2019 |
Record Date | 12th Feb 2020 |
Buyback opens on/Buyback Opening Date | 18th Mar 2020 |
Buyback closes on/Buyback Closing Date | 1st Apr 2020 |
Cut-off date to receive completed tender forms by Registrar | 3rd Apr 2020 |
Cut-off date for verification by the Registrar | 9th Apr 2020 |
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
9th Apr 2020 |
Last date of settlement of bids on the stock exchange | 16th Apr 2020 |
Last date to return unaccepted shares by Registrar | 17th Apr 2020 |
Last date of extinguishment of Equity Shares | 27th Apr 2020 |
Stock Holding table gives a clear picture on retail investor holdings of Aditya Vision Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
Holding Type | In % |
---|---|
Promoter-Foreign | 0.0% |
Promoter-Indian | 56.12% |
Non-Promoter-Institutions | 0.0% |
Non-Promoter-Non-Institutions | 43.88% |
Aditya Vision Ltd Letter of Offer >>Document
Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
---|---|---|
Reserved Category | 1 Equity Share out of every 1 fully paid-up Equity Share held on the Record Date. | 100% |
General Category | 1088 Equity Share out of every 2003 fully paid-up Equity Share held on the Record Date. | 54.32 |
For Aditya Vision Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 63.79%, No. of Equity Shares reserved in Buyback was 3264000 where valid bid received for retail category was 2082000 which is 63.79% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 0%, No. of Equity Shares reserved in Buyback was 86000 where valid bid received for retail category was 0 which is 0%. Final Acceptance Ratio for Retail Investors was 100%.
This is the first buyback in last 2 years where non of the retail investor had bid.
The table below will give you a complete dashboard view for all open buyback offer in current market.
Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
---|---|---|---|---|---|---|---|
Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 819.00 (0.44%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 140.55 (0.14%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 277.50 (-1.65%) | 25-08-2023 | TBD | TBD | Dwarikesh Sugar Industries Limited | Tender Offer | ₹31.50Cr | 105 | 69.50 (-5.61%) | 20-03-2024 | 27-03-2024 | 03-04-2024 | Garware Technical Fibres Limited | Tender Offer | ₹199.50Cr | 3800 | 3323.25 (2.01%) | 26-03-2024 | 01-04-2024 | 05-04-2024 | Freshtrop Fruits Limited | Tender Offer | ₹33.69Cr | 175 | 165.15 (0.76%) | 02-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Aditya Vision Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Aditya Vision Ltd? How can I apply in Aditya Vision Ltd Buyback offer?Last Updated on 2020-05-26T02:35:06+00:00