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||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|
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
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|
|KPR Mill||Tender Offer||Rs 263.3 Cr||702||542.15 (-1.06%)||19-06-2017||TBD||TBD||Adani Ports and Special Economic Zone Ltd||Tender Offer||Rs 1960 Cr||500||365.60 (-1.28%)||21-06-2019||06-09-2019||20-09-2019||Sasken Technologies Ltd||Tender Offer||Rs 169.88 Cr||850||541.90 (6.41%)||05-07-2019||TBD||TBD||Welspun Corp Limited||Tender Offer||Rs 360 Cr||140||128.65 (-4.14%)||05-07-2019||TBD||TBD||Greaves Cotton Ltd||Tender Offer||Rs 240 Cr||175||135.95 (1.76%)||12-07-2019||TBD||TBD||Eris Lifesciences Limited||Tender Offer||Rs 100 Cr||575||407.60 (-3.80%)||15-07-2019||TBD||TBD||Smartlink Holdings Ltd||Tender Offer||Rs 47.45 Cr||130||78.75 (2.27%)||13-08-2019||TBD||TBD||Gandhi Special Tubes Ltd||Tender Offer||Rs 49.50 Cr||550||298.3 (0.29%)||16-08-2019||25-09-2019||10-10-2019||Automobile Corporation of Goa||Tender Offer||Rs 19.98 Cr||600||525.90 (0.71%)||20-09-2019||TBD||TBD||NIIT Ltd||Tender Offer||Rs 335 Cr||125||90.55 (-1.58%)||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?
The Record Date for Sasken Technologies Ltd Buyback offer - 5th Jul 2019
To participate in Sasken Technologies Ltd buyback offer, record date 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. Let's assume if you have Sasken Technologies Ltd shares at Rs 759 and buyback offer price is Rs 850, you can get Rs 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 Rs 7917 to Rs 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: Not Yet Announced
Buyback closing date for Sasken Technologies 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.
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.
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.
Rejected shares will be available in your demat account for trading in open market by Not Yet Announced.
Use our unique Buyback Calculator, to calculate your final profit with leftout shares on current market price.
Last Updated on 2019-07-08T22:19:58+00:00