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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.
Below is the complete details about MPS Limited Buyback. Record date, buyback open and close dates are announce in below section.
Buyback Type: | Tender Offer |
Buyback Offer Amount: | Rs 34.00 Cr |
Buyback Number of Shares: | 5.66 Lakh |
Buyback Price: | Rs 600 |
Buyback Offer Size (In %): | 3.04% |
Total Share Capital: | Rs 718.05 Cr |
Face Value: | 10 Per Equity Share |
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.
Buyback Activity | Date |
---|---|
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 gives a clear picture on retail investor holdings of MPS Limited 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 | 67.77% |
Non-Promoter-Institutions | 6.40% |
Non-Promoter-Non-Institutions | 25.83% |
MPS Limited Public Announcement >>Document
MPS Limited Draft Letter of Offer >>Document
MPS Limited Letter of Offer >>Document
MPS Limited Post Buyback Public Announcement >>Document
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% |
For MPS Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 604.15%, No. of Equity Shares reserved in Buyback was 481666 where valid bid received for retail category was 2910003 which is 604.15% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 394.12%, No. of Equity Shares reserved in Buyback was 85000 where valid bid received for retail category was 334998 which is 394.12%. Final Acceptance Ratio for Retail Investors was 8.33%.
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
MPS 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 2020-11-26T01:39:30+00:00