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Sinclairs Hotels Buyback April 2022


Sinclairs Hotels Buyback

TitleDetail
Company Name:Sinclairs Hotels
Buyback Type:Tender Offer
Total Share Capital:Rs 323 Cr
Offer Amount:Rs 10.1 Cr
Offer Size:2.51%
Buyback Number of Shares:7 lakhs
Buyback Price:143
Approx Entry Price:112
Promoters In:Y
Buyback Approval Date:26-04-2022
Record Date:13-05-2022
Open Date:TBD
Close Date:TBD
Payment Date:TBD
Record Date Price:-
Maximum Retail Quantity:-
Draft Letter of Offer:-
Letter of Offer:-
Acceptance Ratio Retail:-
Acceptance Ratio Retail %:-
Acceptance Ratio General:-
Acceptance Ratio General %:-
Final Acceptance Ratio %:-

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FAQs

The Record Date for Sinclairs Hotels Buyback offer is 13th May 2022

Which means you should hold the Sinclairs Hotels share in your demat account by closing session of 13th May 2022. Share purchased on and before (13th May 2022) - 2 business days will be available in your demat account by 13th May 2022.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Sinclairs Hotels shares at ₹112 and buyback offer price is ₹143, you can get ₹31 per accepted share. If you hold 1786 shares of Sinclairs Hotels and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 589 to 893 shares with the gain from buyback of ₹18259 to ₹27683.

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.

Sinclairs Hotels Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%589₹18259
50%893₹27683
75%1340₹41540
100%1786₹55366

 

Steps to participate in Sinclairs Hotels buyback:

  1. On Record date (13th May 2022) you must have share of Sinclairs Hotels 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 Sinclairs Hotels: Not Yet Announced

Buyback closing date for Sinclairs Hotels: Not Yet Announced

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 Not Yet Announced.

 

Buyback opening date for Sinclairs Hotels: Not Yet Announced

Buyback closing date for Sinclairs Hotels: Not Yet Announced

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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