Sasken Technologies Ltd Buyback Apr 2019

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Incorporated in 1989, Sasken Technologies Ltd is a specialist in Semiconductor, Automotive, Smart Devices & Wearables, SatCom, Industrial Automation and Control Services and Transportation Industries. The company is focused on Product Engineering and Digital Transformation services. Sasken provides, its customers, the ability to integrate third-party solutions and perform extensive testing of the final product to ensure a zero-defect launch. Sasken Technologies Ltd have 5 office in India – Bangaluru (2 Offices), Hyderabad, Pune and Chennai. The company also have a global presence and offices in China, Japan, USA, Mexico, UK, Germany and Finland.

What is Sasken Technologies Ltd share buyback offer?

Sasken Technologies Buyback 2019 Latest Update

Apr 24th, 2019: Sasken Technologies Ltd (BSE:532663 | NSE:SASKEN) board has approved a proposal for buyback of up to 19.98 lakh shares at Rs 850 per share, aggregating Rs 169.88 Cr (Buyback Offer Size) which is 11.68% of total paid-up equity share capital.

Sasken Technologies Ltd Buyback Offer Details

      »»   Total Share Capital: Rs 1304.22 Cr
      »»   Face Value: 10 Per Equity Share
      »»   Buyback Offer Amount: Rs 169.88 Cr
      »»   Buyback Offer Size (In %): 11.68%
      »»   Buyback Number of Shares: 19.98 lakh
      »»   Buyback Price: Rs 850
      »»   Promoters and Promoter Group participation:Yes
      »»   Buyback type:Tender Offer
      »»   Can I Invest today to participate in Sasken Technologies Ltd buyback offer :No

Review & Recommendation

We recommend fair for Sasken Technologies Buyback as acceptance ratio for the retail investor will be between 15 to 25%. We rated Sasken Technologies Buyback as 3.0/5.ratil holding is very high so acceptance ratio is going to low. Existing investor must have to take this opportunity to book profit, but this buyback is not for new retail investor.

Rating

Poor (<10% AR),Fair (Bw 11 to 30% AR), Average (Bw 30 to 60% AR, Good (Bw 60 to 90% AR),Excellent (>90% AR)

Sasken Technologies Ltd Buyback Important Dates

In this section we have covered all imporatant dates related to Sasken Technologies 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.

    Sasken Technologies Ltd buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 24th Apr 2019
    Buyback Approval date 24th Apr 2019
    Public Announcement of Buyback 24th Apr 2019
    Record Date 5th Jul 2019
    Buyback opens on/Buyback Opening Date 11th Oct 2019
    Buyback closes on/Buyback Closing Date 24th Oct 2019
    Cut-off date to receive completed tender forms by Registrar 24th Nov 2019
    Cut-off date for verification by the Registrar 4th Nov 2019
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    4th Nov 2019
    Last date of settlement of bids on the stock exchange 5th Nov 2019
    Last date to return unaccepted shares by Registrar 5th Nov 2019
    Last date of extinguishment of Equity Shares 12th Nov 2019

Sasken Technologies Ltd Share Holding Pattern as of Mar 2019

Stock Holding table will give you a clear picture, how many retail investor holding Sasken Technologies 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 18.78%
    Promoter-Indian 23.63%
    Non-Promoter-Institutions 18.87%
    Non-Promoter-Non-Institutions 38.41%

Sasken Technologies Ltd Public Announcement >>Document

Sasken Technologies Ltd Draft Letter of Offer >>Document

Sasken Technologies Ltd Letter of Offer >>Document

Sasken Technologies 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 680.55 per equity share - in such case Max 293 Equity Shares as of Record Date 5th Jul 2019.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Sasken Technologies Ltd Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 41 Equity Share out of every 165 fully paid-up Equity Share held on the Record Date. 25.85
    General Category 46 Equity Share out of every 417 fully paid-up Equity Share held on the Record Date 11.03

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
Eris Lifesciences Limited Tender OfferRs 100 Cr575421.85 (2.64%)15-07-2019TBDTBD
NIIT LtdTender OfferRs 335 Cr125102.05 (-1.73%)18-10-201925-11-20196-12-2019
Kaveri Seed Company LtdTender OfferRs 196 Cr700544.40 (1.99%)22-11-2019TBDTBD
MOIL Ltd Tender OfferRs 308.27 cr152141.70 (0.04%)27-11-2019TBDTBD
Indiabulls Real Estate LimitedTender OfferRs 500 Cr10069.15 (-0.93%)TBDTBDTBD
Indiabulls Ventures LimitedTender OfferRs 1000 Cr150145.35 (0.28%)TBDTBDTBD

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Detail Article on Benefit from buyback offer >> Read

Sasken Technologies 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 Sasken Technologies Ltd? How can I apply in Sasken Technologies Ltd Buyback offer?

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Last Updated on 2019-10-05T20:36:02+00:00

FAQs

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

    The Record Date for Sasken Technologies Ltd Buyback offer is 5th Jul 2019

    Which means you should hold the Sasken Technologies Ltd share in your demat account by closing session of 5th Jul 2019. Share purchased on and before (5th Jul 2019) - 2 business days will be available in your demat account by 5th Jul 2019.

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

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Sasken Technologies Ltd shares at ₹759 and buyback offer price is ₹850, you can get ₹91 per accepted share. If you hold 264 shares of Sasken Technologies Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 87 to 132 shares with the gain from buyback of ₹7917 to ₹12012.

    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.

    Sasken Technologies Ltd Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%87₹7917
    50%132₹12012
    75%198₹18018
    100%264₹24024

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  3. How to Participate in Sasken Technologies Ltd buyback offer?

    Steps to participate in Sasken Technologies Ltd buyback:

    1. On Record date (5th Jul 2019) you must have share of Sasken Technologies 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.

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  4. How many Sasken Technologies 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.

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

    Buyback opening date for Sasken Technologies Ltd: 11th Oct 2019

    Buyback closing date for Sasken Technologies Ltd: 24th Oct 2019

    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 24th Nov 2019.

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  6. When I will know how much shares accepted in Sasken Technologies 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 5th Nov 2019.

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

    Money will be directly deposited in your registered bank account with broker. Usually money will be deposited on and after 5th Nov 2019, 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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User Comments

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1. Vijay Jain  Apr 26, 2019 9:00:19 PM IST Reply
If 20% acceptance ratio will come then remaining share costing will be 736

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