Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
Nov 15, 2018: Tata Investment Corporation (BSE:501301 | NSE:TATAINVEST) board has approved a proposal for buyback of up to 45 lakhs shares at Rs 1000 per share, aggregating Rs 450 Cr (Buyback Offer Size) which is 8.17% of total paid-up equity share.
Below is the complete details about Tata Investment Corporation Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 450 Cr |
| Buyback Number of Shares: | 45 lakhs |
| Buyback Price: | Rs 1000 |
| Buyback Offer Size (In %): | 8.17% |
| Total Share Capital: | Rs 4534.62 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Tata Investment Corporation buyback offer? No
In this section we have covered all important dates related to Tata Investment Corporation 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 | 16th Nov 2018 |
| Buyback Approval date | 16th Nov 2018 |
| Public Announcement of Buyback | 16th Nov 2018 |
| Record Date | 11th Jan 2019 |
| Buyback opens on/Buyback Opening Date | 4th Feb 2019 |
| Buyback closes on/Buyback Closing Date | 15th Feb 2019 |
| Cut-off date to receive completed tender forms by Registrar | 17th Feb 2019 |
| Cut-off date for verification by the Registrar | 26th Feb 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
26th Feb 2019 |
| Last date of settlement of bids on the stock exchange | 27th Feb 2019 |
| Last date to return unaccepted shares by Registrar | 27th Feb 2019 |
| Last date of extinguishment of Equity Shares | 6th Mar 2019 |
Stock Holding table gives a clear picture on retail investor holdings of Tata Investment Corporation 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 | 72.98% |
| Non-Promoter-Institutions | 4.63% |
| Non-Promoter-Non-Institutions | 22.39% |
Tata Investment Corporation Public Announcement >>Document
Tata Investment Corporation Draft Letter of Offer >>Document
Tata Investment Corporation Letter of Offer >>Document
Tata Investment Corporation Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 22 Equity Share out of every 67 fully paid-up Equity Share held on the Record Date. | 32.83 |
| General Category | 15 Equity Share out of every 208 fully paid-up Equity Share held on the Record Date. | 7.21% |
For Tata Investment Corporation Buyback Offer, Report updated by the manager of buyback -
In general category - response received 198.05%, No. of Equity Shares reserved in Buyback was 3825000 where valid bid received for retail category was 7575237 which is 198.05% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 150.16%, No. of Equity Shares reserved in Buyback was 675000 where valid bid received for retail category was 1013609 which is 150.16%. Final Acceptance Ratio for Retail Investors was 75%.
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 | 935.70 (-3.18%) | 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 | 176.75 (-1.81%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 295.90 (-1.10%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.70 (-0.27%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
Tata Investment Corporation 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 Tata Investment Corporation? How can I apply in Tata Investment Corporation Buyback offer?Last Updated on 2019-02-27T06:59:08+00:00
