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| Title | Detail |
|---|---|
| Company Name: | VRL Logistics Limited |
| Buyback Type: | Tender Offer |
| Offer Amount: | ₹61.25Cr |
| Buyback Number of Shares: | 8,75,000 |
| Buyback Price: | 700 |
| Approx Entry Price: | 535.55 |
| Promoters In: | Y |
| Record Date: | 10-02-2023 |
| Buyback Open Date: | 13-03-2023 |
| Buyback Close Date: | 27-03-2023 |
| Payment Date: | 06-04-2023 |
| Record Date Price: | 505.05 |
| Maximum Retail Quantity: | 396 |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | - |
| Acceptance Ratio Retail: | 1 Equity Share out of every 26 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio Retail %: | 3.85 |
| Acceptance Ratio General: | 1 Equity Share out of every 114 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio General %: | 0.88 |
| Final Acceptance Ratio %: | - |
The Record Date for VRL Logistics Limited Buyback offer is 10th Feb 2023
Which means you should hold the VRL Logistics Limited share in your demat account by closing session of 10th Feb 2023. Share purchased on and before (10th Feb 2023) - 2 business days will be available in your demat account by 10th Feb 2023.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have VRL Logistics Limited shares at ₹535.55 and buyback offer price is ₹700, you can get ₹164.45000000000005 per accepted share. If you hold 373 shares of VRL Logistics Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 123 to 186 shares with the gain from buyback of ₹20227 to ₹30588.
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% | 123 | ₹20227 |
| 50% | 186 | ₹30588 |
| 75% | 280 | ₹46046 |
| 100% | 373 | ₹61340 |
Steps to participate in VRL Logistics 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 VRL Logistics Limited: 13th Mar 2023
Buyback closing date for VRL Logistics Limited: 27th Mar 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 6th Apr 2023.
Buyback opening date for VRL Logistics Limited: 13th Mar 2023
Buyback closing date for VRL Logistics Limited: 27th Mar 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 .
