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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.
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.
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
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).
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.
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 |
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
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 |
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%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
---|---|---|---|---|---|---|---|
Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 844.55 (-1.33%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 151.90 (-0.07%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 289.75 (0.77%) | 25-08-2023 | TBD | TBD | Shervani Industrial Syndicate Limited | Tender Offer | ₹6.83Cr | 510 | 543.60 (1.91%) | 07-03-2024 | 14-03-2024 | 20-03-2024 | Dwarikesh Sugar Industries Limited | Tender Offer | ₹31.50Cr | 105 | 80.37 (0.19%) | 20-03-2024 | TBD | TBD | Garware Technical Fibres Limited | Tender Offer | ₹199.50Cr | 3800 | 3201.80 (-1.15%) | 26-03-2024 | TBD | TBD |
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?Last Updated on 2019-12-30T21:40:21+00:00