Founded in the year 1843, Macmillan was a UK-based large publishing company that came in India in 1892. The company provided a purely domestic publishing business and soon became synonymous with quality educational books. In 1976, the company came up with a new publishing division in Bangalore which offered high-quality editorial and production services to international book and journal publishers. Later in 2004, the company grows to provide content consumption to meet the high-end technology and digital-publishing needs with a fully owned subsidiary MPS Ltd.
In 2011, ADI BPO then purchased Macmillan’s stake in MPS and took the management control of the company. The company now totally focuses content creation, full-service production, and distribution to the world’s leading publishers, learning companies, corporate institutions, libraries, and content aggregators.
August 14th, 2020: MPS Ltd (BSE:532440 | NSE: MPSLTD) board has approved a proposal for the repurchase of up to ₹5.66 Lakh (Five Lakhs Sixty Six Thousand Six Hundred and Sixty Six) shares at ₹600 (Six hundred) per share, aggregating ₹34.00 Cr (Thirty Four Crores only) (Buyback Offer Size) that is 3.04% of total paid equity share capital.
»» Total Share Capital: Rs 718.05 Cr
»» Face Value: 10 Per Equity Share
»» Buyback Offer Amount: Rs 34.00 Cr
»» Buyback Offer Size (In %): 3.04%
»» Buyback Number of Shares: 5.66 Lakh
»» Buyback Price: Rs 600
»» Promoters and Promoter Group participation:Yes
»» Buyback type:Tender Offer
»» Can I Invest today to participate in MPS Limited buyback offer :No
In this section we have covered all important dates related to MPS Limited 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.
|Board Meeting for Buyback proposal||11th Aug 2020|
|Buyback Approval date||11th Aug 2020|
|Public Announcement of Buyback||13th Aug 2020|
|Record Date||24th Aug 2020|
|Buyback opens on/Buyback Opening Date||16th Sep 2020|
|Buyback closes on/Buyback Closing Date||29th Sep 2020|
|Cut-off date to receive completed tender forms by Registrar||1st Oct 2020|
|Cut-off date for verification by the Registrar||8th Oct 2020|
|Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar||8th Oct 2020|
|Last date of settlement of bids on the stock exchange||9th Oct 2020|
|Last date to return unaccepted shares by Registrar||9th Oct 2020|
|Last date of extinguishment of Equity Shares||16th Oct 2020|
Stock Holding table will give you a clear picture, how many retail investor holding MPS Limited shares, with this you can plan for participate in buyback offer. The less number of retail holding make more chance to get higher acceptance ratio in buyback under ratail category = higher profit.
|Holding Type||In %|
MPS Limited Public Announcement >>Document
MPS Limited Draft Letter of Offer >>Document
MPS Limited Letter of Offer >>Document
For Buy back shares holders are divided in 2 categories:
|Category||Entitlement Ratio of Buyback Per Equity Shares||Entitlement Ratio of Buyback in %|
|Reserved Category||1 Equity Share out of every 12 Equity Shares held on the Record date||8.33%|
|General Category||17 Equity Share out of every 621 Equity Shares held on the Record Date||2.74%|
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|
|James Warren Tea Ltd||Tender Offer||Rs 19.836 Cr||114||108.70 (4.27%)||18-09-2020||TBD||TBD||Cheviot Company Ltd||Tender Offer||Rs 18 Cr||900||671.75 (1.68%)||18-09-2020||22-10-2020||05-11-2020||Dhanuka Agritech Ltd||Tender Offer||Rs 100 Cr||1,000||734.90 (2.64%)||28-09-2020||20-10-2020||02-11-2020||RITES Ltd||Tender Offer||Rs 257 Cr||265||239.60 (0.19%)||30-09-2020||TBD||TBD||Magna Electro Castings Ltd||Tender Offer||7 Cr||175||147.40 (-0.03%)||01-10-2020||TBD||TBD||TCS||Tender Offer||Rs 16000 Cr||3000||2762.50 (0.87%)||TBD||TBD||TBD||Wipro Ltd||Tender Offer||Rs 9500 Cr||400||339.55 (-0.57%)||TBD||TBD||TBD|
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Detail Article on Benefit from buyback offer >> ReadMPS Limited 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 MPS Limited? How can I apply in MPS Limited Buyback offer?
Last Updated on 2020-09-10T10:19:01+00:00
The Record Date for MPS Limited Buyback offer is 24th Aug 2020
Which means you should hold the MPS Limited share in your demat account by closing session of 24th Aug 2020. Share purchased on and before (24th Aug 2020) - 2 business days will be available in your demat account by 24th Aug 2020.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have MPS Limited shares at ₹400 and buyback offer price is ₹600, you can get ₹200 per accepted share. If you hold 500 shares of MPS Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 165 to 250 shares with the gain from buyback of ₹33000 to ₹50000.
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|
Steps to participate in MPS 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 MPS Limited: 16th Sep 2020
Buyback closing date for MPS Limited: 29th Sep 2020
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 1st Oct 2020.
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 9th Oct 2020.
Money will be directly deposited in your registered bank account with broker. Usually money will be deposited on and after 9th Oct 2020, which is last date of settlement of bids on the Stock Exchange.
In case of physical share holding, you will get a cheque.