Redington India Ltd Buyback Sep 2018

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Sep 17, 2018: Redington (India) ltd (BSE:532805 | NSE:REDINGTON) board has approved a proposal for buyback of up to 1.11 Cr shares at Rs 125 per share, aggregating Rs 139 cr which is 2.87% of total number of paid-up equity shares capital.Record date for buyback is also announced as 28 Sep 2018.

What is Redington India Ltd Buyback details?

Below is the complete details about Redington India Ltd Buyback. Record date, buyback open and close dates are announce in below section.

    Buyback Type: Tender Offer
    Buyback Offer Amount: Rs 139 Cr
    Buyback Number of Shares: 1.11 Cr
    Buyback Price: Rs 125
    Buyback Offer Size (In %): 2.78%
    Total Share Capital: Rs 4169.80 Cr
    Face Value: 2 Per Equity Share

Can I Invest today to participate in Redington India Ltd buyback offer? No

What are Redington India Ltd Buyback Important Dates?

In this section we have covered all important dates related to Redington 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.

    Redington India Ltd buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 17th Sep 2018
    Buyback Approval date 17th Sep 2018
    Public Announcement of Buyback 19th Sep 2018
    Record Date 28th Sep 2018
    Buyback opens on/Buyback Opening Date 6th Nov 2018
    Buyback closes on/Buyback Closing Date 22nd Nov 2018
    Cut-off date to receive completed tender forms by Registrar 27th 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
    3rd 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 11th Dec 2018

Redington India Ltd Share Holding Pattern as of June 2018

Stock Holding table gives a clear picture on retail investor holdings of Redington 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 0.0%
    Non-Promoter-Institutions 57.39%
    Non-Promoter-Non-Institutions 42.61%

Redington India Ltd 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 93.90 per equity share - in such case Max 2129 Equity Shares as of Record Date 28th Sep 2018.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Redington India Ltd 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 391 fully paid-up Equity Shares held on the Record Date. 18.15
    General Category 5 Equity Shares out of every 207 fully paid-up Equity Shares held on the Record Date. 2.42%

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Post buyback comments Redington India Ltd

    For Redington India Ltd Buyback Offer, Report updated by the manager of buyback -

    In general category - response received 1333.41%, No. of Equity Shares reserved in Buyback was 9452000 where valid bid received for retail category was 126033947 which is 1333.41% oversubscribed.

    In Reserved category for Small Shareholders (Retail) - response received only 268.93%, No. of Equity Shares reserved in Buyback was 1668000 where valid bid received for retail category was 4485852 which is 268.93%. Final Acceptance Ratio for Retail Investors was 37.18%.

    Final buyback acceptance ratio for the retail investor is 37.18%. Approx return for Redington India buyback for the retail investor has come to approx 6.0%.

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Detail Article on Benefit from buyback offer >> Read

Redington 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 Redington India Ltd? How can I apply in Redington India Ltd Buyback offer?

Company Contact Information

SPL Guindy House,
95, Mount Road,,
Chennai (Madras)
Tamil Nadu- 600032

Registrar Contact Information

Cameo Corporate Services Ltd.
Subramanian Building,
No.1, Vth Floor,
Club House Road Chennai (Madras)
Tamil Nadu -600002
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Last Updated on 2018-12-12T11:09:33+00:00

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