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NIIT Limited Buyback Review

Rated 3/5 by Team InvestorGain

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

Can I Invest today to participate in NIIT Limited buyback offer? No

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 24th Dec 2020
Buyback Approval date 12th Feb 2021
Public Announcement of Buyback 15th Dec 2020
Record Date 24th Feb 2021
Buyback opens on/Buyback Opening Date 12th Apr 2021
Buyback closes on/Buyback Closing Date 28th Apr 2021
Cut-off date to receive completed tender forms by Registrar 30th Apr 2021
Cut-off date for verification by the Registrar 6th May 2021
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar
6th May 2021
Last date of settlement of bids on the stock exchange 7th May 2021
Last date to return unaccepted shares by Registrar 7th May 2021
Last date of extinguishment of Equity Shares 14th May 2021

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%

NIIT Limited Public Announcement >>Document

NIIT Limited Draft Letter of Offer >>Document

NIIT Limited Letter of Offer >>Document

NIIT Limited Ratio of Buyback

    For Buy back shares holders are divided in 2 categories:
  • Reserved category for Small Shareholders ("Reserved Category") - Who holds Max Rs 2 Lakhs worth of shares @Rs 198.80 per equity share - in such case Max 1006 Equity Shares as of Record Date 24th Feb 2021.
  • General category for all Shareholders other than Small Shareholders ("General Category")

NIIT Limited Ratio of Buy Back

Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
Reserved Category 102 Equity Share out of every 919 fully paid-up Equity Share held on the Record Date 11.11
General Category 19 Equity Share out of every 292 fully paid-up Equity Share held on the Record Date 6.51%

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
Tanla Platforms LtdTender OfferRs 170 Cr1200819.00 (0.44%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245140.55 (0.14%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500277.50 (-1.65%)25-08-2023TBDTBD
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10569.50 (-5.61%)20-03-202427-03-202403-04-2024
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003323.25 (2.01%)26-03-202401-04-202405-04-2024
Freshtrop Fruits LimitedTender Offer₹33.69Cr175165.15 (0.76%)02-04-2024TBDTBD

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

Link Intime India Private Limited
C-101, 247 Park
L B S Marg Vikhroli (West)
Mumbai 400083
Telephone: +91 (22) 4918 6200
E-mail Id: [email protected]
Contact person: Sumeet Deshpande

Last Updated on 2021-09-20T23:58:16+00:00

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