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.
»» 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
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 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.
|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 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 %|
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
For Buy back shares holders are divided in 2 categories:
|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|
|Thomas Cook India Ltd||Tender Offer||Rs 150 Cr||57.50||30.35 (-5.30%)||07-03-2020||TBD||TBD||Just dial Ltd||Tender Offer||Rs 220 Cr||700||379.55 (-1.39%)||03-07-2020||4-8-2020||17-8-2020||Indiabulls Real Estate Limited||Tender Offer||Rs 500 Cr||100||53.85 (-2.00%)||TBD||TBD||TBD|
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Detail Article on Benefit from buyback offer >> ReadSasken 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
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.
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.
|% Share Accepted||No of Shared Accepted||Gain from Buyback Offer|
Steps to participate in Sasken Technologies Ltd 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.
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.
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.
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.