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Apr 07,2017 - Smartlink Holdings Limited/Smartlink Network Systems Limited Board has approved a proposal for buyback of up to 56 lakhs shares at Rs 120 per share, aggregating Rs 67.2 Cr which is 4.83% of the total paid�up equity capital of the Company
Below is the complete details about Smartlink Network Systems Limited Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 67.20 Cr |
| Buyback Number of Shares: | 56 Cr |
| Buyback Price: | Rs 120 |
| Buyback Offer Size (In %): | 24.83% |
| Total Share Capital: | 245.12 Cr |
| Face Value: | 2 Per Equity Share |
Can I Invest today to participate in Smartlink Network Systems Limited buyback offer? No
In this section we have covered all important dates related to Smartlink Network Systems Limited 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 | 7th Apr 2018 |
| Buyback Approval date | 7th Apr 2018 |
| Public Announcement of Buyback | 7th Apr 2018 |
| Record Date | 18th May 2018 |
| Buyback opens on/Buyback Opening Date | 13th Jun 2018 |
| Buyback closes on/Buyback Closing Date | 26th Jun 2018 |
| Cut-off date to receive completed tender forms by Registrar | 28th Jun 2018 |
| Cut-off date for verification by the Registrar | 28th Jun 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
4th Jul 2018 |
| Last date of settlement of bids on the stock exchange | 5th Jul 2018 |
| Last date to return unaccepted shares by Registrar | 5th Jul 2018 |
| Last date of extinguishment of Equity Shares | 12th Jul 2018 |
Stock Holding table gives a clear picture on retail investor holdings of Smartlink Network Systems Limited 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 | 0.0% |
| Promoter-Indian | 74.44% |
| Non-Promoter-Institutions | 0.14% |
| Non-Promoter-Non-Institutions | 25.42% |
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 126 Equity Share out of every 445 fully paid-up Equity Share held on the Record Date. | 28.31 |
| General Category | 219 Equity Share out of every 901 fully paid-up Equity Share held on the Record Date. | 24.31 |
For Smartlink Network Systems Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 132.40, No. of Equity Shares reserved in Buyback was 4760000 where valid bid received for retail category was 6302361 which is 132.40 oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 89.51%, No. of Equity Shares reserved in Buyback was 840000 where valid bid received for retail category was 751902 which is 89.51%. Final Acceptance Ratio for Retail Investors was 100%.
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 | 931.65 (-1.06%) | 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 | 164.70 (0.61%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 290.95 (-1.59%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.65 (-0.45%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Smartlink Network Systems Limited 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 Smartlink Network Systems Limited? How can I apply in Smartlink Network Systems Limited Buyback offer?Last Updated on 2018-10-25T05:05:26+00:00
