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.
»» 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
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 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.
|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 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 %|
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
For Buy back shares holders are divided in 2 categories:
|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|
|Thomas Cook India Ltd||Tender Offer||Rs 150 Cr||57.50||31.10 (4.71%)||07-03-2020||TBD||TBD||NIIT Technologies||Tender Offer||Rs 337 Cr||1725||1457.30 (0.46%)||12-03-2020||29-05-2020||11-06-2020||Tips Industries Limited||Tender Offer||Rs 18.90 Cr||140||103.15 (-0.43%)||03-04-2020||TBD||TBD||Coral India Finance And Housing Ltd||Tender Offer||Rs 21.08 Cr||17||14.01 (-2.16%)||17-04-2020||TBD||TBD||Indiabulls Real Estate Limited||Tender Offer||Rs 500 Cr||100||44.30 (1.14%)||TBD||TBD||TBD||Granules India Ltd||Tender Offer||Rs 250 Cr||200||181.25 (5.78%)||TBD||TBD||TBD|
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Detail Article on Benefit from buyback offer >> ReadNIIT 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
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.
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.
|% Share Accepted||No of Shared Accepted||Gain from Buyback Offer|
Steps to participate in NIIT Ltd 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.
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.
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.
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.