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TeamLease Services Buyback Feb 2023

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TeamLease Services Buyback Feb 2023

TeamLease Services Limited (BSE:539658, NSE:TEAMLEASE) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for TeamLease Services Buyback Feb 2023? The company has announced a buyback price of Rs 3050. Buyback Announced on TBD, the Record Date for the eligible investor is 03-04-2023.

TeamLease Services Limited Buyabck Tender process starts from 12-05-2023 and end on 25-05-2023.

Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 16.67%.

The summary report of TeamLease Services 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.

TeamLease Services Limited Buyback

TitleDetail
Company Name:TeamLease Services Limited
Buyback Type:Tender Offer
Offer Amount:₹100.00Cr
Buyback Number of Shares:3,27,869
Buyback Price:3050
Approx Entry Price:2511
Promoters In:Y
Record Date:03-04-2023
Buyback Open Date:12-05-2023
Buyback Close Date:25-05-2023
Payment Date:02-06-2023
Record Date Price:2203.1
Maximum Retail Quantity:90
Draft Letter of Offer:Draft Letter of Offer
Letter of Offer:-
Acceptance Ratio Retail:1 Equity Share out of every 6 Fully paid-up Equity Shares held on the Record Date.
Acceptance Ratio Retail %:16.67
Acceptance Ratio General:1 Equity Share out of every 60 Fully paid-up Equity Shares held on the Record Date.
Acceptance Ratio General %:1.67
Final Acceptance Ratio %:-

FAQs

The Record Date for TeamLease Services Limited Buyback offer is 3rd Apr 2023

Which means you should hold the TeamLease Services Limited share in your demat account by closing session of 3rd Apr 2023. Share purchased on and before (3rd Apr 2023) - 2 business days will be available in your demat account by 3rd Apr 2023.

 

Steps to participate in TeamLease Services Limited buyback:

  1. On Record date (3rd Apr 2023) you must have share of TeamLease Services Limited 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 TeamLease Services Limited: 12th May 2023

Buyback closing date for TeamLease Services Limited: 25th 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 2nd Jun 2023.

 

Buyback opening date for TeamLease Services Limited: 12th May 2023

Buyback closing date for TeamLease Services Limited: 25th 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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