RITES Ltd Buyback Review-2020

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Established in the year 1974, RITES Ltd is a Government of India enterprise which comes under the charge of Indian railways. The company is a multi-disciplinary consultancy organization that provides consultancy services in rail transport management to operators in India and abroad. It also provides its services in infrastructure and related technologies and has executed projects in over 62 countries.

RITES Ltd is recognized as a leading consultant with operational experience internationally in over 55 countries of Asia, Africa, Latin America, South America, and Middle East regions. The company got listed on both the major stock exchanges in India in July 2018.

RITES Ltd Buyback 2020 Latest Update

Sept 18, 2020: RITES Ltd (BSE: 541556 | NSE: RITES) board has approved a proposal for the repurchase of up to 96,98,113 (Ninety-Six Lakh Ninety Eight Thousand One hundred and Thirteen) shares at ₹265 (Two Hundred Sixty Five) per share, aggregating ₹257 Cr (Two hundred Fifty-Seven Crore) (Buyback Offer Size) representing 9.97% of the aggregate fully paid-up capital.

RITES Ltd Buyback Offer Details

      »»   Total Share Capital: 6,381.25 Cr
      »»   Face Value: 10 Per Equity Share
      »»   Buyback Offer Amount: Rs 257 Cr
      »»   Buyback Offer Size (In %): 9.97%
      »»   Buyback Number of Shares: 96.98 Lakh
      »»   Buyback Price: Rs 265
      »»   Promoters and Promoter Group participation:Yes
      »»   Buyback type:Tender Offer
      »»   Can I Invest today to participate in RITES Ltd buyback offer :No

RITES Ltd Buyback Important Dates

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

    RITES Ltd buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 18th Sep 2020
    Buyback Approval date 18th Sep 2020
    Public Announcement of Buyback 18th Sep 2020
    Record Date 30th Sep 2020
    Buyback opens on/Buyback Opening Date Not Yet Announced
    Buyback closes on/Buyback Closing Date Not Yet Announced
    Cut-off date to receive completed tender forms by Registrar Not Yet Announced
    Cut-off date for verification by the Registrar Not Yet Announced
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    Not Yet Announced
    Last date of settlement of bids on the stock exchange Not Yet Announced
    Last date to return unaccepted shares by Registrar Not Yet Announced
    Last date of extinguishment of Equity Shares Not Yet Announced

RITES Ltd Share Holding Pattern as of Jun 2020

Stock Holding table will give you a clear picture, how many retail investor holding RITES Ltd shares, with this you can plan for participate in buyback offer. The less number of retail holding make more chance to get higher acceptance ratio in buyback under ratail category = higher profit.

    Holding Type In %
    Promoter-Foreign 0.0%
    Promoter-Indian 72.02%
    Non-Promoter-Institutions 20.31%
    Non-Promoter-Non-Institutions 6.17%

RITES Ltd Public Announcement >>Document

RITES Ltd Draft Letter of Offer >>Document

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

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
James Warren Tea LtdTender OfferRs 19.836 Cr114108.70 (4.27%)18-09-2020TBDTBD
Cheviot Company LtdTender OfferRs 18 Cr900671.75 (1.68%)18-09-202022-10-202005-11-2020
Dhanuka Agritech LtdTender OfferRs 100 Cr1,000734.90 (2.64%)28-09-202020-10-202002-11-2020
RITES LtdTender OfferRs 257 Cr265239.60 (0.19%)30-09-2020TBDTBD
Magna Electro Castings LtdTender Offer7 Cr175147.40 (-0.03%)01-10-2020TBDTBD
TCSTender OfferRs 16000 Cr30002762.50 (0.87%)TBDTBDTBD
Wipro LtdTender OfferRs 9500 Cr400339.55 (-0.57%)TBDTBDTBD

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Detail Article on Benefit from buyback offer >> Read

RITES 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 RITES Ltd? How can I apply in RITES Ltd Buyback offer?

Company Contact Information

RITES Ltd
RITES BHAWAN, 1, Sector 29,
Gurgoan 122-001.
Tel. No.: +91-124-2571666
E-mail: [email protected]
www.rites.com

Registrar Contact Information

Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
Lal Bhadur Shastri Marg, Vikhroli (West), Mumbai 400 083
Tel:+91 022 49186200
Contact Person: Mr. Sumeet Deshpande
E-mail: [email protected]
Request call back from

Last Updated on 2020-09-29T08:32:03+00:00


Buyback FAQs

  1. 1. What is the record date for RITES Ltd buyback offer?

    The Record Date for RITES Ltd Buyback offer is 30th Sep 2020

    Which means you should hold the RITES Ltd share in your demat account by closing session of 30th Sep 2020. Share purchased on and before (30th Sep 2020) - 2 business days will be available in your demat account by 30th Sep 2020.

     

     

  2. 2. How much I can make with RITES Ltd buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have RITES Ltd shares at ₹260 and buyback offer price is ₹265, you can get ₹5 per accepted share. If you hold 769 shares of RITES Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 254 to 384 shares with the gain from buyback of ₹1270 to ₹1920.

    The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.

    RITES Ltd Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%254₹1270
    50%384₹1920
    75%577₹2885
    100%769₹3845

     

     

  3. 3. How to Participate in RITES Ltd buyback offer?

    Steps to participate in RITES Ltd buyback:

    1. On Record date (30th Sep 2020) you must have share of RITES Ltd in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
    2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
    3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

     

     

  4. 4. How many RITES Ltd share are eligible for buyback?

    Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.

     

     

  5. 5. When I need to tender RITES Ltd share for buyback?

    Buyback opening date for RITES Ltd: Not Yet Announced

    Buyback closing date for RITES Ltd: Not Yet Announced

    This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by Not Yet Announced.

     

     

  6. 6. When I will know how much shares accepted in RITES Ltd buyback offer?

    As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before Not Yet Announced.

     

     

  7. 7. How and when will I get money for accepted shares of RITES Ltd buyback?

    Money will be directly deposited in your registered bank account with broker. Usually money will be deposited on and after Not Yet Announced, which is last date of settlement of bids on the Stock Exchange.

    In case of physical share holding, you will get a cheque.

     

     

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