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R Systems International Limited Buyback Jan 2019

Rated 3.5/5 by Team InvestorGain

About R Systems International Limited

Incorporated in 1993, R Systems International Limited is a IT Services & Solutions Company and IT-enabled Services provider catering to a wide range of global customers. The company is certifications in CMMI Level 5, PCMM Level 5 , ISO 27001:2013 and ISO 9001:2008. The company have strong hold in elecom & Digital Media, Banking & Finance, HealthCare, Manufacturing & Logistics, and Government Services verticals. The company have 11 development and ser centers across Asia Pacific, Europe and North America.

What is the R Systems International Limited share buyback offer?

Jan 08, 2019: R Systems International Limited (BSE:532735 | NSE:RSYSTEMS) board has approved a proposal for buyback of up to 3.69 lakhs shares at Rs 65 per share, aggregating Rs 23.98 Cr (Buyback Offer Size) which is 2.98% of total paid-up equity share capital.

What is R Systems International Limited Buyback details?

Below is the complete details about R Systems International Limited Buyback. Record date, buyback open and close dates are announce in below section.

Buyback Type: Tender Offer
Buyback Offer Amount: Rs 23.98 Cr
Buyback Number of Shares: 3.69 lakhs
Buyback Price: Rs 65
Buyback Offer Size (In %): 2.98%
Total Share Capital: Rs 657.15 Cr
Face Value: 1 Per Equity Share

Can I Invest today to participate in R Systems International Limited buyback offer? No

What are R Systems International Limited Buyback Important Dates?

In this section we have covered all important dates related to R Systems International Limited 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.

R Systems International Limited buyback offer important dates
Buyback Activity Date
Board Meeting for Buyback proposal 15th Jan 2019
Buyback Approval date 15th Jan 2019
Public Announcement of Buyback 15th Jan 2019
Record Date 1st Feb 2019
Buyback opens on/Buyback Opening Date 15th Mar 2019
Buyback closes on/Buyback Closing Date 29th Mar 2019
Cut-off date to receive completed tender forms by Registrar 2nd Apr 2019
Cut-off date for verification by the Registrar 3rd Apr 2019
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar
8th Apr 2019
Last date of settlement of bids on the stock exchange 9th Apr 2019
Last date to return unaccepted shares by Registrar 9th Apr 2019
Last date of extinguishment of Equity Shares 16th Apr 2019

R Systems International Limited Share Holding Pattern as of Sep 2018

Stock Holding table gives a clear picture on retail investor holdings of R Systems International Limited 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 51.16%
Promoter-Indian 0.01%
Non-Promoter-Institutions 0.0%
Non-Promoter-Non-Institutions 48.83%

R Systems International Limited Public Announcement >>Document

R Systems International Limited Draft Letter of Offer >>Document

R Systems International Limited Letter of Offer >>Document

R Systems International Limited Post Buyback Public Announcement >>Document

R Systems International Limited 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 Lakhs worth of shares @Rs 48.50 per equity share - in such case Max 4123 Equity Shares as of Record Date 1st Feb 2019.
  • General category for all Shareholders other than Small Shareholders ("General Category")

R Systems International Limited Ratio of Buy Back

Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
Reserved Category 23 Equity Share out of every 262 fully paid-up Equity Share held on the Record Date. 8.78%
General Category 23 Equity Share out of every 863 fully paid-up Equity Share held on the Record Date 2.66%

Post buyback comments R Systems International Limited

For R Systems International Limited Buyback Offer, Report updated by the manager of buyback -

In general category - response received 2158.46%, No. of Equity Shares reserved in Buyback was 3136500 where valid bid received for retail category was 67699958 which is 2158.46% oversubscribed.

In Reserved category for Small Shareholders (Retail) - response received only 294.43, No. of Equity Shares reserved in Buyback was 553500 where valid bid received for retail category was 1629686 which is 294.43. Final Acceptance Ratio for Retail Investors was 18.79%.

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 Cr1200819.00 (0.44%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245140.55 (0.14%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500277.50 (-1.65%)25-08-2023TBDTBD
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10569.50 (-5.61%)20-03-202427-03-202403-04-2024
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003323.25 (2.01%)26-03-202401-04-202405-04-2024
Freshtrop Fruits LimitedTender Offer₹33.69Cr175165.15 (0.76%)02-04-2024TBDTBD

Detail Article on Benefit from buyback offer >> Read

R Systems International Limited 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 R Systems International Limited? How can I apply in R Systems International Limited Buyback offer?

Company Contact Information

R Systems International Limited
B-104A,
Greater Kailash - I,
New Delhi - Delhi - 110048
Website: http://www.rsystems.com

Registrar Contact Information

Link Intime India Pvt. Ltd.
A-40, 2nd Floor,
Naraina Industrial Area, Phase-II,
Near Batra Banquet Hall New Delhi - 110028
Delhi
Website: http://www.linkintime.co.in

Last Updated on 2019-04-17T01:53:28+00:00

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