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NIIT Ltd Buyback 2019 Review

Rated 3.5/5 by Team InvestorGain

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.

What is NIIT Ltd Buyback details?

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

Buyback Type: Tender Offer
Buyback Offer Amount: Rs 335 Cr
Buyback Number of Shares: 2.68 Cr
Buyback Price: Rs 125
Buyback Offer Size (In %): 15.99%
Total Share Capital: Rs 1626.51 Cr
Face Value: 2 Per Equity Share

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)

What are NIIT Ltd Buyback Important Dates?

In this section we have covered all important 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 gives a clear picture on retail investor holdings of NIIT Ltd 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 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

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
Tanla Platforms LtdTender OfferRs 170 Cr1200844.55 (-1.33%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245151.90 (-0.07%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500289.75 (0.77%)25-08-2023TBDTBD
Shervani Industrial Syndicate LimitedTender Offer₹6.83Cr510543.60 (1.91%)07-03-202414-03-202420-03-2024
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10580.37 (0.19%)20-03-2024TBDTBD
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003201.80 (-1.15%)26-03-2024TBDTBD

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

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

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