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.
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.
Birlasoft Buyback 2022 Dates & Time Table
| 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
Birlasoft buyback of 7,800,000 equity shares at a price of ₹500 per equity share. The buyback offers not to exceed ₹390 crores of the total buyback offer size.
| 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
The investor should buy around 400 shares at a current market price of ₹374 (as of 24 May 2022). The calculation will be ₹2,00,000 / ₹500 buyback price = 400 shares.
| 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
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹1497 | ₹1205 | ₹141 |
| 2021 | ₹1652 | ₹1295 | ₹194 |
| 2022 | ₹2124 | ₹1658 | ₹296 |
Birlasoft Buyback 2022 Eligible Share Holders
Investors with Birlasoft shares in their Demat account are eligible for the repurchase scheme, with the record date set for July 15, 2022. Investors can participate in the Birlasoft Buyback 2022 scheme by selling their shares, according to the starting form. The payment will be made in accordance with the approved shares under the Birlasoft buyback scheme.
Birlasoft Buyback 2022 Registrar
Link Intime India Pvt Ltd
Block 202, 2nd Floor, Akshya Complex,
Pune 411001, Maharashtra
Tel: 020-26051629, 26050084
Email: [email protected]
Website: http://www.linkintime.co.in
Birlasoft Company Address
Birlasoft Limited
Plot No. 35 & 36, Rajiv Gandhi Infotech Park,
Phase 1, MIDC, Hinjawadi, Pune 411 057, Maharashtra
Phone: +91 20 6652 5000 | +91 20 6652 5001
Email: [email protected]
Website: https://www.birlasoft.com
Birlasoft Buyback 2022 Lead Managers
- Kotak Mahindra Capital Company Limited
Birlasoft Buyback 2022 FAQs
Q1. When is Birlasoft Buyback 2022 Record Date?
Ans. Birlasoft buyback 2022 record date is July 15, 2022.
Q2. When is Birlasoft Buyback 2022 Open Date?
Ans. Birlasoft buyback 2022 open date is August 11, 2022,
Q3. What is Birlasoft Buyback 2022 Price?
Ans. The company has fixed the price at ₹500 per share.
Q4. How to apply for Birlasoft Buyback 2022?
Ans. As per the record date you need to have Birlasoft shares in your Demat account. You can participate in buyback after having the stock in your account.
