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Sep 26,2017 - Novartis Board has approved a proposal for buyback of up to 34.5 lakh equity shares at Rs 670 per share, aggregating Rs 231.15 crore.
Below is the complete details about Novartis India Buyback. Record date, buyback open and close dates are announce in below section.
Buyback Type: | Tender Offer |
Buyback Offer Amount: | Rs 231.15 Cr |
Buyback Number of Shares: | 34.5 lakh |
Buyback Price: | Rs 670 |
Buyback Offer Size (In %): | 12.36 |
Total Share Capital: | Rs 1,792.29 Cr |
Face Value: | 5 Per Equity Share |
Can I Invest today to participate in Novartis India buyback offer? No
YIn this section we have covered all important dates related to Novartis 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 | 25th Sep 2017 |
Buyback Approval date | 22nd Dec 2017 |
Public Announcement of Buyback | 24th Dec 2017 |
Record Date | 8th Dec 2017 |
Buyback opens on/Buyback Opening Date | 4th Jan 2018 |
Buyback closes on/Buyback Closing Date | 17th Jan 2018 |
Cut-off date to receive completed tender forms by Registrar | |
Cut-off date for verification by the Registrar | 25th Jan 2018 |
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
25th Jan 2018 |
Last date of settlement of bids on the stock exchange | 29th Jan 2018 |
Last date to return unaccepted shares by Registrar | 29th Jan 2018 |
Last date of extinguishment of Equity Shares | 5th Feb 2018 |
Stock Holding table gives a clear picture on retail investor holdings of Novartis 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 | 73.40 |
Promoter-Indian | 0.00 |
Non-Promoter-Institutions | 1.33 |
Non-Promoter-Non-Institutions | 25.27 |
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 | 815.45 (-0.97%) | 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 | 140.35 (-5.14%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 282.15 (-0.97%) | 25-08-2023 | TBD | TBD | Dwarikesh Sugar Industries Limited | Tender Offer | ₹31.50Cr | 105 | 73.63 (-2.54%) | 20-03-2024 | 27-03-2024 | 03-04-2024 | Garware Technical Fibres Limited | Tender Offer | ₹199.50Cr | 3800 | 3257.85 (-2.53%) | 26-03-2024 | 01-04-2024 | 05-04-2024 | Freshtrop Fruits Limited | Tender Offer | ₹33.69Cr | 175 | 163.90 (0.09%) | 02-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Novartis 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 Novartis India? How can I apply in Novartis India Buyback offer?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 | 71 Equity Shares out of every 428 Equity Shares | 16.59% |
General Category | 77 Equity Shares out of every 657 Equity Shares | 11.72% |
For Novartis India Buyback Offer, Report updated by the registrar "Link Intime India Private Limited" -
In Reserved category for Small Shareholders (Retail) - response received only 29.98%, No. of Equity Shares reserved in Buyback was 5,17,500 where valid bid received for retail category was 1,55,144 which is 29.98%. So with this retail investor got 100% acceptance of share.
In general category - response received 709.30%, No. of Equity Shares reserved in Buyback was 34,50,000 where valid bid received for retail category was 2,09,55,276 which is 709.30% oversubscribed.
Last Updated on 2018-02-08T04:09:19+00:00