The Birlasoft date has been Recorded on July 15, 2022
Birlasoft buyback 2022 was announced on May 23, 2022. The Birlasoft buyback deadline has not yet begun. Birlasoft’s buyback record date is July 15, 2022. To be eligible for the buyback, the investor must purchase SIS Ltd shares prior to the record date.
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Record Dates
July 15, 2022
Buyback Price
₹500 per equity share
Face Value
₹2 per share
Offer Closes On
August 26, 2022
Birlasoft Financial Buyback Price
The Birlasoft price is ₹[500 per equity share ].
IPO Overview
Birlasoft provides a wide range of digital and enterprise technology services. These services encompass data analytics, digital analytics, IT Transformation, Testing, Application Management, Infrastructure, and cloud technology. Birlasoft caters to various industries such as Banking, Manufacturing, Capital Market, Insurance, Energy and Resources, Life Science, and Healthcare. With a team of over 11,900 professionals, Birlasoft operates globally, with a strong presence in the United States, United Kingdom, France, Germany, Dubai, Australia, India, and Singapore, among other countries.
Birlasoft Financial Share Buyback 2023 Details
| Buyback Meeting Date: | May 23, 2022 |
| Buyback Announcement Date: | May 23, 2022 |
| Buyback Record Date: | July 15, 2022 |
| Buyback Open Date: | August 11, 2022 |
| Buyback Close Date: | August 26, 2022 |
| Finalization of Buyback Acceptance: | September 6, 2022 |
Birlasoft Buyback 2022 Offer Details
| Offer Amount: | ₹390 Crores |
| Number of Shares: | 7,800,000 Equity Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹500 per equity share |
| Listing: | BSE & NSE |
| Buyback Type: | Tender Offer |
Birlasoft Buyback 2022 Acceptance Ratio
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹149600 | 132 | ₹16632 |
| 50% | ₹149600 | 200 | ₹25200 |
| 75% | ₹149600 | 300 | ₹37800 |
| 100% | ₹149600 | 400 | ₹50400 |
Birlasoft Financial Report
| Year | Revenue | Expense | PAT |
| 2020 | ₹1497 | ₹1205 | ₹141 |
| 2021 | ₹1652 | ₹1295 | ₹194 |
| 2022 | ₹2124 | ₹1658 | ₹296 |
Company Profile
Birlasoft’s buyback of 390 crores was approved by the board of directors at its meeting on May 23, 2022. Birlasoft’s buyback will take place using the stock exchange’s Tender Offer procedure. The company’s board of directors authorised the buyback of its fully paid-up equity shares with a face value of 2 for each equity share at a price not exceeding 500 per Equity Share and for a total amount not exceeding 390 crores from the shareholders. Check out the specifics about Birlasoft Share Buyback 2022 below. Birlasoft Limited is a company that is part of the CK Birla Group.
Birlasoft offers digital and information technology consulting services and solutions to clients all over the world. Birlasoft is a multinational IT services organisation with offices in the United States, Europe, Asia-Pacific, and India. It has development centres in the U.S., China, Poland, and India. Birlasoft’s clientele include Fortune 100 companies in the manufacturing, banking and financial services, insurance, media, and healthcare industries.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | 020-26051629, 26050084 |
| Email ID | pune@linkintime.co.in |
| Website | https://www.linkintime.co.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
