NIIT Ltd Buyback 2019 Review

Broker Articles   Buyback Dashboard   Compare Top Stock Brokers in India  
Rated 3.5/5 by Team TopShareBrokers

Save Brokerage Upto 60%


Email   State 
City    NRI Form ⇒

Incorporated in 1981, NIIT Ltd a global leader in skills and talent fully integrated Pharmaceutical company. The company has a presence in more than 40 countries. The company offers a product for individuals and corporate customers.

NIIT Buyback 2019 Latest Update

Aug 10th, 2019:NIIT Ltd (BSE:500304 | NSE:NIITLTD) board has approved a proposal for purchase of up to 2.68 Cr shares at Rs 125 per share, aggregating Rs 335 Cr (Buyback Offer Size) that is 15.99% of total paid equity share capital.

NIIT Ltd Buyback Offer Details

      »»   Total Share Capital: Rs 1626.51 Cr
      »»   Face Value: 2 Per Equity Share
      »»   Buyback Offer Amount: Rs 335 Cr
      »»   Buyback Offer Size (In %): 15.99%
      »»   Buyback Number of Shares: 2.68 Cr
      »»   Buyback Price: Rs 125
      »»   Promoters and Promoter Group participation:Yes
      »»   Buyback type:Tender Offer
      »»   Can I Invest today to participate in NIIT Ltd buyback offer :No

Review & Recommendation

We advocate honest for NIIT buyback as official acceptance ratio for the retail investors are going to be between 15 to 20% (Fifteen to Twenty percent) and actual acceptance ration is going to be thirty to sixty percent (30% to 60%). We tend to rate NIIT buyback as 3.5/5 (Average).

Making a resonable amount of profit is possible in NIIT buyback for a new retail investor. With referance to current market price buyback price is up by 26% (Approx).


  • Poor (<10% AR)
  • Fair (Bw 11 to 30% AR)
  • Average (Bw 30 to 60% AR)
  • Good (Bw 60 to 90% AR)
  • Excellent (>90% AR)

NIIT Ltd Buyback Important Dates

In this section we have covered all imporatant dates related to NIIT Ltd 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 Ltd buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 10th Aug 2019
    Buyback Approval date 10th Aug 2019
    Public Announcement of Buyback 10th Aug 2019
    Record Date 18th Oct 2019
    Buyback opens on/Buyback Opening Date 25th Nov 2019
    Buyback closes on/Buyback Closing Date 6th Dec 2019
    Cut-off date to receive completed tender forms by Registrar 8th Dec 2019
    Cut-off date for verification by the Registrar 10th Dec 2019
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    16th Dec 2019
    Last date of settlement of bids on the stock exchange 17th Dec 2019
    Last date to return unaccepted shares by Registrar 17th Dec 2019
    Last date of extinguishment of Equity Shares 17th Dec 2019

NIIT Ltd Share Holding Pattern as of June 2019

Stock Holding table will give you a clear picture, how many retail investor holding NIIT Ltd 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 %
    Promoter-Foreign 0.0%
    Promoter-Indian 31.55%
    Non-Promoter-Institutions 27.97%
    Non-Promoter-Non-Institutions 40.48%

NIIT Ltd Public Announcement >>Document

NIIT Ltd Draft Letter of Offer >>Document

NIIT Ltd Letter of Offer >>Document

NIIT Ltd Post Buyback Public Announcement >>Document

NIIT Ltd 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 83.50 per equity share - in such case Max 2395 Equity Shares as of Record Date 18th Oct 2019.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    NIIT Ltd Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 191 Equity Share out of every 876 fully paid-up Equity Share held on the Record Date. 21.80
    General Category 19 Equity Share out of every 125 fully paid-up Equity Share held on the Record Date. 15.20

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

Post buyback comments NIIT Ltd

    For NIIT Ltd Buyback Offer, Report updated by the manager of buyback -

    In general category - response received 277.52%, No. of Equity Shares reserved in Buyback was 22780000 where valid bid received for retail category was 63219222 which is 277.52% oversubscribed.

    In Reserved category for Small Shareholders (Retail) - response received only 156.81%, No. of Equity Shares reserved in Buyback was 4020000 where valid bid received for retail category was 6303824 which is 156.81%. Final Acceptance Ratio for Retail Investors was 64%.

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
Thomas Cook India LtdTender OfferRs 150 Cr57.5031.10 (4.71%)07-03-2020TBDTBD
NIIT TechnologiesTender OfferRs 337 Cr17251457.30 (0.46%)12-03-202029-05-202011-06-2020
Tips Industries LimitedTender OfferRs 18.90 Cr140103.15 (-0.43%)03-04-2020TBDTBD
Coral India Finance And Housing LtdTender OfferRs 21.08 Cr1714.01 (-2.16%)17-04-2020TBDTBD
Indiabulls Real Estate LimitedTender OfferRs 500 Cr10044.30 (1.14%)TBDTBDTBD
Granules India LtdTender OfferRs 250 Cr200181.25 (5.78%)TBDTBDTBD

Guaranteed Save 60% to 90% Brokerage + Taxes

Do you know you could reduce the brokerage cost significantly by moving to another stock broker? Our expert team compare top share brokers in India to help investors like you. STOP paying Demat AMC, brokerage in %, PCM fee and high stamp duty today.

We can help you choose the right broker. Contact us today...

  NRI Form ⇒

Detail Article on Benefit from buyback offer >> Read

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

Company Contact Information

8, Balaji Estate,
First Floor,,Guru Ravi Das Marg,
New Delhi

Registrar Contact Information

Alankit Assignment Ltd.
1E/13, Alankit Heights,
Jhandewalan Extension
New Delhi - 110055
Request call back from

Last Updated on 2019-12-30T21:40:21+00:00

Buyback FAQs

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

    The Record Date for NIIT Ltd Buyback offer is 18th Oct 2019

    Which means you should hold the NIIT Ltd share in your demat account by closing session of 18th Oct 2019. Share purchased on and before (18th Oct 2019) - 2 business days will be available in your demat account by 18th Oct 2019.

    Discuss this question

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

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have NIIT Ltd shares at ₹95 and buyback offer price is ₹125, you can get ₹30 per accepted share. If you hold 2105 shares of NIIT Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 695 to 1052 shares with the gain from buyback of ₹20850 to ₹31560.

    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 Ltd Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer

    Discuss this question

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

    Steps to participate in NIIT Ltd buyback:

    1. On Record date (18th Oct 2019) you must have share of NIIT Ltd 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.

    Discuss this question

  4. 4. How many NIIT Ltd 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.

    Discuss this question

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

    Buyback opening date for NIIT Ltd: 25th Nov 2019

    Buyback closing date for NIIT Ltd: 6th Dec 2019

    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 8th Dec 2019.

    Discuss this question

  6. 6. When I will know how much shares accepted in NIIT Ltd 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 17th Dec 2019.

    Discuss this question

  7. 7. How and when will I get money for accepted shares of NIIT Ltd buyback?

    Money will be directly deposited in your registered bank account with broker. Usually money will be deposited on and after 17th Dec 2019, which is last date of settlement of bids on the Stock Exchange.

    In case of physical share holding, you will get a cheque.

    Discuss this question

Compare 3 Brokers

User Comments


Enquire Trading Brokers:


Email   State