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| Title | Detail |
|---|---|
| Company Name: | Cheviot Co Ltd |
| Buyback Type: | Tender Offer |
| Total Share Capital: | - |
| Offer Amount: | Rs 43.12 Cr |
| Offer Size: | - |
| Buyback Number of Shares: | 2.5 lakhs |
| Buyback Price: | 1725 |
| Approx Entry Price: | 1450 |
| Promoters In: | Y |
| Buyback Approval Date: | 06-12-2021 |
| Record Date: | 17-12-2021 |
| Open Date: | 10-01-2022 |
| Close Date: | 21-01-2022 |
| Payment Date: | 02-02-2022 |
| Record Date Price: | 1372.15 |
| Maximum Retail Quantity: | 145 |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | Letter of Offer |
| Acceptance Ratio Retail: | 13 Shares for every 141 Shares held as on the Record Date |
| Acceptance Ratio Retail %: | 9.22% |
| Acceptance Ratio General: | 31 Shares for every 854 Shares held as on the Record Date |
| Acceptance Ratio General %: | 3.63% |
The Record Date for Cheviot Co Ltd Buyback offer is 17th Dec 2021
Which means you should hold the Cheviot Co Ltd share in your demat account by closing session of 17th Dec 2021. Share purchased on and before (17th Dec 2021) - 2 business days will be available in your demat account by 17th Dec 2021.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Cheviot Co Ltd shares at ₹1450 and buyback offer price is ₹1725, you can get ₹275 per accepted share. If you hold 138 shares of Cheviot Co Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 46 to 69 shares with the gain from buyback of ₹12650 to ₹18975.
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 |
|---|---|---|
| 33% | 46 | ₹12650 |
| 50% | 69 | ₹18975 |
| 75% | 104 | ₹28600 |
| 100% | 138 | ₹37950 |
Steps to participate in Cheviot Co 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 Cheviot Co Ltd: 10th Jan 2022
Buyback closing date for Cheviot Co Ltd: 21st Jan 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 2nd Feb 2022.
Buyback opening date for Cheviot Co Ltd: 10th Jan 2022
Buyback closing date for Cheviot Co Ltd: 21st Jan 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 .
