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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.
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.
Below is the complete details about Sasken Technologies Ltd Buyback. Record date, buyback open and close dates are announce in below section.
Buyback Type: | Tender Offer |
Buyback Offer Amount: | Rs 169.88 Cr |
Buyback Number of Shares: | 19.98 lakh |
Buyback Price: | Rs 850 |
Buyback Offer Size (In %): | 11.68% |
Total Share Capital: | Rs 1304.22 Cr |
Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Sasken Technologies Ltd buyback offer? No
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.
Poor (<10% AR),Fair (Bw 11 to 30% AR), Average (Bw 30 to 60% AR, Good (Bw 60 to 90% AR),Excellent (>90% AR)
In this section we have covered all important 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.
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 |
Stock Holding table gives a clear picture on retail investor holdings of Sasken Technologies 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 | 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 Post Buyback Public Announcement >>Document
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 |
For Sasken Technologies Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 171.45%, No. of Equity Shares reserved in Buyback was 1750356 where valid bid received for retail category was 3001030 which is 171.45% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 159.65%, No. of Equity Shares reserved in Buyback was 308887 where valid bid received for retail category was 493136 which is 159.65%. Final Acceptance Ratio for Retail Investors was 80%.
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 | 819.00 (0.44%) | 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 | 140.55 (0.14%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 277.50 (-1.65%) | 25-08-2023 | TBD | TBD | Dwarikesh Sugar Industries Limited | Tender Offer | ₹31.50Cr | 105 | 69.50 (-5.61%) | 20-03-2024 | 27-03-2024 | 03-04-2024 | Garware Technical Fibres Limited | Tender Offer | ₹199.50Cr | 3800 | 3323.25 (2.01%) | 26-03-2024 | 01-04-2024 | 05-04-2024 | Freshtrop Fruits Limited | Tender Offer | ₹33.69Cr | 175 | 165.15 (0.76%) | 02-04-2024 | TBD | TBD |
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?Last Updated on 2019-11-20T22:25:33+00:00