NIIT Limited Buyback Review

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Incorporated in the year 1981, NIIT Limited is a skills and talent development corporation which builds a manpower pool for global industry requirements. The company has multiple subsidiaries in India as well as abroad in the USA, China, and Canada. It provides Managed Training Services (MTS) to market-leading companies in North America, Europe, Asia, and Oceania. The company has been named among the Top 20 Training Outsourcing Companies for the past twelve consecutive years by Training Industry, Inc. USA.

NIIT Limited is coming up with 2nd buyback in the past 2 years. The company is to buy 98.75 Lakh equity shares of ₹237 Cr at ₹240 per share. The offer size is 6.978% of the total paid-up equity share capital. The acceptance ratio for 2019 buyback was 64%. So we assume that, in 2021, the acceptance ratio will lie in between 60% to 90%.

What is NIIT Limited Buyback details?

Below is the complete details about NIIT Limited Buyback. Record date, buyback open and close dates are announce in below section.

    Buyback Type: Tender Offer
    Buyback Offer Amount: Rs 237 Cr
    Buyback Number of Shares: 98.75 Lakh
    Buyback Price: Rs 240
    Buyback Offer Size (In %): 6.97%
    Total Share Capital: 2841.6 Cr
    Face Value: 2 Per Equity Share
    Buyback Offer Size (In %): 6.97%

Can I Invest today to participate in NIIT Limited buyback offer? Yes

What are NIIT Limited Buyback Important Dates?

In this section we have covered all important dates related to NIIT 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.

    NIIT Limited buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 20th Nov 2020
    Buyback Approval date 20th Nov 2020
    Public Announcement of Buyback 24th Dec 2020
    Record Date Not Yet Announced
    Buyback opens on/Buyback Opening Date Not Yet Announced
    Buyback closes on/Buyback Closing Date Not Yet Announced
    Cut-off date to receive completed tender forms by Registrar Not Yet Announced
    Cut-off date for verification by the Registrar Not Yet Announced
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    Not Yet Announced
    Last date of settlement of bids on the stock exchange Not Yet Announced
    Last date to return unaccepted shares by Registrar Not Yet Announced
    Last date of extinguishment of Equity Shares Not Yet Announced

NIIT Limited Share Holding Pattern as of Sept 2020

Stock Holding table gives a clear picture on retail investor holdings of NIIT 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 22.2%
    Promoter-Indian 34.3%
    Non-Promoter-Institutions 34%
    Non-Promoter-Non-Institutions 8.4%

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
Garware Technical Fibres LimitedTender Offer72.99 Cr23002202.50 (-0.59%)11-12-2020TBDTBD
Jullundur Motor Agency (Delhi) LimitedTender OfferRs 26.82 Cr3634.35 (2.38%)24-12-2020TBDTBD
Engineers India LimitedTender Offer586.90 Cr8479.80 (0.00%)01-01-2021TBDTBD
Industrial & Prudential Investment Co. LtdTender OfferRs 8.34 Cr1,2001128.35 (2.03%)01-01-2021TBDTBD
Indian Toners and Developers LimitedTender Offer36.98 Cr160138.85 (-4.93%)15-01-2021TBDTBD
NIIT LimitedTender OfferRs 237 Cr240202.35 (-0.54%)TBDTBDTBD

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Detail Article on Benefit from buyback offer >> Read

NIIT 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 NIIT Limited? How can I apply in NIIT Limited Buyback offer?

Company Contact Information

NIIT Limited
85, Sector-32,
Institutional Gurugram-122001, India
Phone: +91 (124) 4293000
Email: [email protected]

Registrar Contact Information

Request call back from

Last Updated on 2020-12-25T02:22:33+00:00


Buyback FAQs

  1. 1. What is the record date for NIIT Limited buyback offer?

    The Record Date for NIIT Limited Buyback offer has not been announced yet.

     

     

  2. 2. How much I can make with NIIT Limited buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have NIIT Limited shares at ₹200 and buyback offer price is ₹240, you can get ₹40 per accepted share. If you hold 1000 shares of NIIT Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 330 to 500 shares with the gain from buyback of ₹13200 to ₹20000.

    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.

    NIIT Limited Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%330₹13200
    50%500₹20000
    75%750₹30000
    100%1000₹40000

     

     

  3. 3. How to Participate in NIIT Limited buyback offer?

    Steps to participate in NIIT Limited buyback:

    1. On Record date (Not Yet Announced) you must have share of NIIT Limited in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
    2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
    3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

     

     

  4. 4. How many NIIT Limited share are eligible for 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.

     

     

  5. 5. When I need to tender NIIT Limited share for buyback?

    Buyback opening date for NIIT Limited: Not Yet Announced

    Buyback closing date for NIIT Limited: Not Yet Announced

    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 Not Yet Announced.

     

     

  6. 6. When I will know how much shares accepted in NIIT Limited buyback offer?

    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 Not Yet Announced.

     

     

  7. 7. When I need to tender NIIT Limited share for buyback?

    Buyback opening date for NIIT Limited: Not Yet Announced

    Buyback closing date for NIIT Limited: Not Yet Announced

    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 Not Yet Announced.

     

     

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  2020-12-25T01:57:32+00:00

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