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Novartis India Buyback Offer Sep 2017

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What is the Novartis share buyback offer?

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.

What is Novartis India Buyback details?

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

Y

What are Novartis India Buyback Important Dates?

In 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.

Novartis India buyback offer important dates
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

Novartis India Share Holding Pattern as of June 2017

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

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 Cr1200815.45 (-0.97%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245140.35 (-5.14%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500282.15 (-0.97%)25-08-2023TBDTBD
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10573.63 (-2.54%)20-03-202427-03-202403-04-2024
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003257.85 (-2.53%)26-03-202401-04-202405-04-2024
Freshtrop Fruits LimitedTender Offer₹33.69Cr175163.90 (0.09%)02-04-2024TBDTBD

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?

Company Contact Information

Novartis India Limited
Sandoz House, Shivsagar Estate
Dr Annie Besant Road,
Worli, Mumbai 400018
Website:www.novartis.in

Registrar Contact Information

LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park,
Lal Bahadur Shastri Marg,
Vikhroli West,
Mumbai - 400 083, Maharashtra
Tel: 022 4918 6200; Fax: 022-4918 6195
Email: [email protected]

Novartis India 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 Lacs worth of shares @ 635.30 per equity share - in such case Max 799 Equity Shares as of Sep 15,2017.
  • General category for all Shareholders other than Small Shareholders ("General Category")
Novartis India Ratio of Buy Back
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%

Post buyback commenst Novartis India

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

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User Reviews

1. Deepak Gupta Dec 04 2017 04:13:45 PM Reply
Please update the dates related to record date and other dates which are mentioned as TBD.
2.1. TSB Admin Dec 28 2017 09:19:55 PM
Dates are updated once SEBI approve Buyback start and end dates and so on.