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CARE Ratings Ltd Buyback 2022


CARE Ratings Ltd (BSE:534804, NSE:CARERATING) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for CARE Ratings Ltd Buyback 2022? The company has announced a buyback price of Rs 515. Buyback Announced on 12-7-2022, the Record Date for the eligible investor is 14-09-2022.

CARE Ratings Ltd Buyabck Tender process starts from 18-11-2022 and end on 01-12-2022.

Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 11.13%.

The summary report of CARE Ratings Ltd buyback contains overview, record date, tender dates, buyback size, buyback price, approximate entry level for new investors, date of extinguishment of Equity Shares, Entitlement Ratio for retail and general category.

CARE Ratings Ltd Buyback

TitleDetail
Company Name:CARE Ratings Ltd
Buyback Type:Tender Offer
Total Share Capital:-
Offer Amount:Rs 121.95 Cr
Offer Size:7.99%
Buyback Number of Shares:23.68 lakhs
Buyback Price:515
Approx Entry Price:450
Promoters In:N
Buyback Approval Date:12-7-2022
Record Date:14-09-2022
Open Date:18-11-2022
Close Date:01-12-2022
Payment Date:03-12-2022
Record Date Price:523.80
Maximum Retail Quantity:380
Draft Letter of Offer:Draft Letter of Offer
Letter of Offer:Letter of Offer
Acceptance Ratio Retail:60 Equity Share out of every 539 Fully paid-up Equity Shares held on the Record Date.
Acceptance Ratio Retail %:11.13
Acceptance Ratio General:69 Equity Shares out of every 907 Fully paid-up Equity Shares held on the Record Date.
Acceptance Ratio General %:7.61%
Final Acceptance Ratio %:-

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FAQs

The Record Date for CARE Ratings Ltd Buyback offer is 14th Sep 2022

Which means you should hold the CARE Ratings Ltd share in your demat account by closing session of 14th Sep 2022. Share purchased on and before (14th Sep 2022) - 2 business days will be available in your demat account by 14th Sep 2022.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have CARE Ratings Ltd shares at ₹450 and buyback offer price is ₹515, you can get ₹65 per accepted share. If you hold 444 shares of CARE Ratings Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 147 to 222 shares with the gain from buyback of ₹9555 to ₹14430.

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.

CARE Ratings Ltd Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%147₹9555
50%222₹14430
75%333₹21645
100%444₹28860

 

Steps to participate in CARE Ratings Ltd buyback:

  1. On Record date (14th Sep 2022) you must have share of CARE Ratings Ltd in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
  2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
  3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

 

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 CARE Ratings Ltd: 18th Nov 2022

Buyback closing date for CARE Ratings Ltd: 1st Dec 2022

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 .

 

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 3rd Dec 2022.

 

Buyback opening date for CARE Ratings Ltd: 18th Nov 2022

Buyback closing date for CARE Ratings Ltd: 1st Dec 2022

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 .

 


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