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Incorporated in 1954, Bharat Electronics Ltd is engaged in manufacture and supply of strategic electronic products primarily to Defense Services.The Company was set up by the Government of India under the Ministry of Defence. Currently company is exporting LYNX II, radar warning receivers, composite communication system, night vision devices, versatile communication system (VCS), IFF Interrogator, LRF, X-Ray tube, radar finger printing system, ESM system, V/ultra high frequency (UHF) search receivers, shelters, printed circuit board (PCB) assembly, cable harness, components and mechanical assemblies.
The company operates from various manufacturing Unit at Banglore, Ghaziabad, Pune, Chennai, Panchkula, Hyderabad, Kotdwara,Machilipatnam, Taloja (Navi Mumbai).
Jan 24,2018 - Bharat electronics Board is going to consider a share buyback in board meeting which is planned on Jan 30,2018.
Jan 30,2018 - Bharat Electronics Ltd Board has approved a proposal for buyback of up to 2.03 Cr shares at Rs 182.50 per share, aggregating Rs 372 Cr which is 5.00% of the total number of Equity shares.
Below is the complete details about Bharat electronics Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 372 Cr |
| Buyback Number of Shares: | 2.03 Cr |
| Buyback Price: | Rs 182.50 |
| Buyback Offer Size (In %): | 5.00% |
| Total Share Capital: | Rs 43,525.59 Cr |
| Face Value: | 1 Per Equity Share |
Can I Invest today to participate in Bharat electronics buyback offer? No
In this section we have covered all important dates related to Bharat electronics 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 | 30th Jan 2018 |
| Buyback Approval date | 30th Jan 2018 |
| Public Announcement of Buyback | 30th Jan 2018 |
| Record Date | 9th Feb 2018 |
| Buyback opens on/Buyback Opening Date | 5th Mar 2018 |
| Buyback closes on/Buyback Closing Date | 16th Mar 2018 |
| Cut-off date to receive completed tender forms by Registrar | 19th Mar 2018 |
| Cut-off date for verification by the Registrar | 19th Mar 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
22nd Mar 2018 |
| Last date of settlement of bids on the stock exchange | 23rd Mar 2018 |
| Last date to return unaccepted shares by Registrar | 23rd Mar 2018 |
| Last date of extinguishment of Equity Shares | 27th Mar 2018 |
Stock Holding table gives a clear picture on retail investor holdings of Bharat electronics 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 | 66.72% |
| Non-Promoter-Institutions | 25.12% |
| Non-Promoter-Non-Institutions | 8.16% |
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 12 Equity Share out of every 197 fully paid-up Equity Share held on the Record Date. | 6.09% |
| General Category | 6 Equity Share out of every 833 fully paid-up Equity Share held on the Record Date. | 0.72% |
For Bharat electronics Buyback Offer, Report updated by the manager of buyback -
In general category - response received 1087.33%, No. of Equity Shares reserved in Buyback was 17338113 where valid bid received for retail category was 188523144 which is 1087.33% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 483.30%, No. of Equity Shares reserved in Buyback was 3059667 where valid bid received for retail category was 14802886 which is 483.30%. Final Acceptance Ratio for Retail Investors was 6.09%.
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 | 966.40 (-1.91%) | 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 | 180.00 (6.48%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 299.20 (1.00%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 460.95 (-0.25%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
Bharat electronics 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 Bharat electronics? How can I apply in Bharat electronics Buyback offer?Last Updated on 2018-10-25T04:21:14+00:00
