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

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%

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
Suprajit Engineering LimitedTender OfferRs 48 Cr320283.50 (-0.70%)22-02-202108-04-202126-04-2021
NIIT LimitedTender OfferRs 237 Cr240177.55 (-0.22%)24-02-202112-04-202128-04-2021
Smartlink Holdings LimitedTender OfferRs 31.58 Cr9584.20 (-0.12%)01-03-2021TBDTBD
Bharat Rasayan LimitedTender Offer107.49 Cr11,5009984.35 (-1.70%)05-03-2021TBDTBD
Aarti Drugs LimitedTender OfferRs 60 Cr1000733.80 (3.03%)01-04-2021TBDTBD
SIS LimitedTender OfferRs 100 Cr550391.95 (-0.42%)09-04-2021TBDTBD
SIS LimitedTender OfferRs 100 Cr550391.95 (-0.42%)09-04-2021TBDTBD
Quick HealTender OfferRs 155 Cr245193.45 (-0.46%)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

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
Request call back from

Last Updated on 2021-04-05T23:25:46+00:00


Buyback FAQs

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

    The Record Date for NIIT Limited Buyback offer is 24th Feb 2021

    Which means you should hold the NIIT Limited share in your demat account by closing session of 24th Feb 2021. Share purchased on and before (24th Feb 2021) - 2 business days will be available in your demat account by 24th Feb 2021.

     

     

  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 (24th Feb 2021) 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: 12th Apr 2021

    Buyback closing date for NIIT Limited: 28th Apr 2021

    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 30th Apr 2021.

     

     

  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 7th May 2021.

     

     

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

    Buyback opening date for NIIT Limited: 12th Apr 2021

    Buyback closing date for NIIT Limited: 28th Apr 2021

    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 30th Apr 2021.

     

     

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  2020-12-25T01:57:32+00:00

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