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Nov 15, 2018: Oil India ltd (BSE:533106 | NSE:OIL) board has approved a proposal for buyback of up to 5.04 Cr shares at Rs 215 per share, aggregating Rs 1085 Cr (Buyback Offer Size) which is 4.45% of total paid-up equity share.
Below is the complete details about Oil India Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 1085 Cr |
| Buyback Number of Shares: | 5.04 Cr |
| Buyback Price: | Rs 215 |
| Buyback Offer Size (In %): | 4.45% |
| Total Share Capital: | Rs 23265.53 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Oil India Ltd buyback offer? No
In this section we have covered all important dates related to Oil India 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 | 19th Nov 2018 |
| Buyback Approval date | 19th Nov 2018 |
| Public Announcement of Buyback | 19th Nov 2018 |
| Record Date | 3rd Dec 2018 |
| Buyback opens on/Buyback Opening Date | 15th Feb 2019 |
| Buyback closes on/Buyback Closing Date | 1st Mar 2019 |
| Cut-off date to receive completed tender forms by Registrar | 4th Mar 2019 |
| Cut-off date for verification by the Registrar | 5th Mar 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
11th Mar 2019 |
| Last date of settlement of bids on the stock exchange | 13th Mar 2019 |
| Last date to return unaccepted shares by Registrar | 13th Mar 2019 |
| Last date of extinguishment of Equity Shares | 20th Mar 2019 |
Stock Holding table gives a clear picture on retail investor holdings of Oil India 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 | 66.13% |
| Non-Promoter-Institutions | 18.81% |
| Non-Promoter-Non-Institutions | 15.06% |
Oil India Ltd Public Announcement >>Document
Oil India Ltd Draft Letter of Offer >>Document
Oil India Ltd Letter of Offer >>Document
Oil India Ltd Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 17 Equity Share out of every 52 fully paid-up Equity Share held on the Record Date. | 32.69 |
| General Category | 10 Equity Share out of every 259 fully paid-up Equity Share held on the Record Date. | 3.86% |
For Oil India Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 198.93%, No. of Equity Shares reserved in Buyback was 72923909 where valid bid received for retail category was 85390309 which is 198.93% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 105.95%, No. of Equity Shares reserved in Buyback was 7574808 where valid bid received for retail category was 8025340 which is 105.95%. Final Acceptance Ratio for Retail Investors was 95%.
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 | 925.60 (0.36%) | 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 | 165.00 (0.00%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 298.05 (-0.90%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 460.50 (-0.74%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Oil India 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 Oil India Ltd? How can I apply in Oil India Ltd Buyback offer?Last Updated on 2019-03-25T22:30:50+00:00
