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Oct 09, 2018: NLC India (BSE:513683 | NSE:NLCINDIA ) board has approved a proposal for buyback of up to 14.19 Cr shares at Rs 88 per share, aggregating Rs 1248 cr which is 9.28% of total number of paid-up equity shares capital.Record date for buyback is also announced as 24 Oct 2018.
Below is the complete details about NLC India Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 1248 Cr |
| Buyback Number of Shares: | 14.19 Cr |
| Buyback Price: | Rs 88 |
| Buyback Offer Size (In %): | 9.28% |
| Total Share Capital: | Rs 12,511.33 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in NLC India buyback offer? No
In this section we have covered all important dates related to NLC India 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 | 9th Oct 2018 |
| Buyback Approval date | 9th Oct 2018 |
| Public Announcement of Buyback | 9th Oct 2018 |
| Record Date | 24th Oct 2018 |
| Buyback opens on/Buyback Opening Date | 13th Nov 2018 |
| Buyback closes on/Buyback Closing Date | 28th Nov 2018 |
| Cut-off date to receive completed tender forms by Registrar | 30th Nov 2018 |
| Cut-off date for verification by the Registrar | 3rd Dec 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
4th Dec 2018 |
| Last date of settlement of bids on the stock exchange | 4th Dec 2018 |
| Last date to return unaccepted shares by Registrar | 4th Dec 2018 |
| Last date of extinguishment of Equity Shares | 10th Dec 2018 |
Stock Holding table gives a clear picture on retail investor holdings of NLC India 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 | 84.04% |
| Non-Promoter-Institutions | 13.15% |
| Non-Promoter-Non-Institutions | 2.81% |
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 49 Equity Share out of every 65 fully paid-up Equity Share held on the Record Date. | 75.39 |
| General Category | 39 Equity Share out of every 485 fully paid-up Equity Share held on the Record Date. | 8.04% |
For NLC India Buyback Offer, Report updated by the manager of buyback -
In general category - response received 156.44%, No. of Equity Shares reserved in Buyback was 120642045 where valid bid received for retail category was 188799800 which is 156.44% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 47.67%, No. of Equity Shares reserved in Buyback was 21289773 where valid bid received for retail category was 10148635 which is 47.67%. Final Acceptance Ratio for Retail Investors was 100%.
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 | 935.70 (-3.18%) | 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 | 176.75 (-1.81%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 295.90 (-1.10%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.70 (-0.27%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
NLC India 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 NLC India? How can I apply in NLC India Buyback offer?Last Updated on 2018-12-11T10:45:52+00:00
