NIIT Ltd Buyback 2019 Review

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Incorporated in 1981, NIIT Ltd a global leader in skills and talent development.is 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).

Rating

  • 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 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 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%

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
KPR MillTender OfferRs 263.3 Cr702558.60 (0.49%)19-06-2017TBDTBD
Sasken Technologies LtdTender OfferRs 169.88 Cr850596.90 (-1.27%)05-07-201911-10-201924-10-2019
Welspun Corp LimitedTender OfferRs 360 Cr140131.10 (1.71%)05-07-201922-10-20195-11-2019
Star Cement LimitedTender OfferRs 102 Cr15093.40 (2.36%)05-07-201922-10-201905-11-2019
Greaves Cotton LtdTender OfferRs 240 Cr175128.10 (-3.50%)12-07-201918-10-201901-11-2019
Eris Lifesciences Limited Tender OfferRs 100 Cr575421.90 (-2.05%)15-07-2019TBDTBD
Smartlink Holdings Ltd Tender OfferRs 47.45 Cr13082.35 (-4.41%)13-08-201918-10-201901-11-2019
Automobile Corporation of GoaTender OfferRs 19.98 Cr600515.00 (-1.52%)20-09-201918-10-20194-11-2019
NIIT LtdTender OfferRs 335 Cr12584.95 (-2.36%)18-10-2019TBDTBD
Kaveri Seed Company LtdTender OfferRs 196 Cr700465.70 (0.03%)TBDTBDTBD
Indiabulls Real Estate LimitedTender OfferRs 500 Cr10044.50 (-2.31%)TBDTBDTBD
Indiabulls Ventures LimitedTender OfferRs 1000 Cr15090.30 (-9.97%)TBDTBDTBD

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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

NIIT Ltd
8, Balaji Estate,
First Floor,,Guru Ravi Das Marg,
New Delhi
Delhi
110019
Website: http://www.niit.com

Registrar Contact Information

Alankit Assignment Ltd.
1E/13, Alankit Heights,
Jhandewalan Extension
New Delhi - 110055
Website: http://www.alankit.com
Request call back from

Last Updated on 2019-10-04T22:57:26+00:00

FAQs

  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. 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
    33%695₹20850
    50%1052₹31560
    75%1579₹47370
    100%2105₹63150

    Discuss this question

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

    Buyback opening date for NIIT Ltd: Not Yet Announced

    Buyback closing date for NIIT Ltd: 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.

    Discuss this question

  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 Not Yet Announced.

    Discuss this question

  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 Not Yet Announced, 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

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