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Symphony Limited (BSE:517385, NSE:SYMPHONY) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for Symphony Buyback Feb 2023? The company has announced a buyback price of Rs 2000. Buyback Announced on TBD, the Record Date for the eligible investor is 29-03-2023.
Symphony Limited Buyabck Tender process starts from 03-05-2023 and end on 17-05-2023.
Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 9.78%.
The summary report of Symphony 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: | Symphony Limited |
| Buyback Type: | Tender Offer |
| Offer Amount: | ₹200.00Cr |
| Buyback Number of Shares: | 10,00,000 |
| Buyback Price: | 2000 |
| Approx Entry Price: | - |
| Promoters In: | Y |
| Record Date: | 29-03-2023 |
| Buyback Open Date: | 03-05-2023 |
| Buyback Close Date: | 17-05-2023 |
| Payment Date: | 25-05-2023 |
| Record Date Price: | 1022.55 |
| Maximum Retail Quantity: | 195 |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | - |
| Acceptance Ratio Retail: | 9 Equity Share out of every 92 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio Retail %: | 9.78 |
| Acceptance Ratio General: | 1 Equity Share out of every 80 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio General %: | 1.25 |
| Final Acceptance Ratio %: | - |
The Record Date for Symphony Limited Buyback offer is 29th Mar 2023
Which means you should hold the Symphony Limited share in your demat account by closing session of 29th Mar 2023. Share purchased on and before (29th Mar 2023) - 2 business days will be available in your demat account by 29th Mar 2023.
Steps to participate in Symphony 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 Symphony Limited: 3rd May 2023
Buyback closing date for Symphony Limited: 17th May 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 25th May 2023.
Buyback opening date for Symphony Limited: 3rd May 2023
Buyback closing date for Symphony Limited: 17th May 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 .
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