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Dhanuka Agritech Limited (BSE:507717, NSE:DHANUKA) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for Dhanuka Agritech Buyback Nov 2022? The company has announced a buyback price of Rs 850. Buyback Announced on 01-11-2022, the Record Date for the eligible investor is 18-11-2022.
Dhanuka Agritech Limited Buyabck Tender process starts from 26-12-2022 and end on 06-01-2023.
Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is %.
The summary report of Dhanuka Agritech Limited 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.
Title | Detail |
---|---|
Company Name: | Dhanuka Agritech Limited |
Buyback Type: | Tender Offer |
Total Share Capital: | 3,411.16 Cr |
Offer Amount: | ₹85.00Cr |
Offer Size: | 2.15 |
Buyback Number of Shares: | 10,00,000 |
Buyback Price: | 850 |
Approx Entry Price: | 730 |
Promoters In: | Y |
Buyback Approval Date: | 01-11-2022 |
Record Date: | 18-11-2022 |
Open Date: | 26-12-2022 |
Close Date: | 06-01-2023 |
Payment Date: | 16-01-2023 |
Record Date Price: | - |
Maximum Retail Quantity: | - |
Draft Letter of Offer: | Draft Letter of Offer |
Letter of Offer: | Letter of Offer |
Acceptance Ratio Retail: | - |
Acceptance Ratio Retail %: | |
Acceptance Ratio General: | - |
Acceptance Ratio General %: | |
Final Acceptance Ratio %: | - |
The Record Date for Dhanuka Agritech Limited Buyback offer is 18th Nov 2022
Which means you should hold the Dhanuka Agritech Limited share in your demat account by closing session of 18th Nov 2022. Share purchased on and before (18th Nov 2022) - 2 business days will be available in your demat account by 18th Nov 2022.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Dhanuka Agritech Limited shares at ₹730 and buyback offer price is ₹850, you can get ₹120 per accepted share. If you hold 274 shares of Dhanuka Agritech Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 90 to 137 shares with the gain from buyback of ₹10800 to ₹16440.
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% | 90 | ₹10800 |
50% | 137 | ₹16440 |
75% | 206 | ₹24720 |
100% | 274 | ₹32880 |
Steps to participate in Dhanuka Agritech Limited 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 Dhanuka Agritech Limited: 26th Dec 2022
Buyback closing date for Dhanuka Agritech Limited: 6th Jan 2023
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 16th Jan 2023.
Buyback opening date for Dhanuka Agritech Limited: 26th Dec 2022
Buyback closing date for Dhanuka Agritech Limited: 6th Jan 2023
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 .