CL Educate buyback 2023 was announced on August 2, 2023. The CL Educate buyback period begins on August 21, 2023. The CL Educate buyback record date is N/A. To be eligible for the buyback, the investor must purchase CL Educate shares prior to the record date.
CL Educate Buyback of 15 crores was approved by the board of directors at the August 2, 2023 meeting. CL Educate Buyback will take place through the stock exchange’s Open Market procedure. The company’s board of directors authorized the buyback of its fully paid-up equity shares with a face value of 5 each at a price of 94 per Equity Share and for an aggregate amount not exceeding 15 crore from the shareholders. CL Educate Ltd. has a team of highly skilled professionals, including IIT-IIM alumni, with a commitment
to quality in education. Over the course of its 25+ year existence, CL Educate Ltd has influenced the lives and careers of countless students. They have 200 test-prep centers spread across 100 locations in India as of August 2021. They also run test-prep centers throughout the UAE as part of their global development.
CL Educate Ltd is an education management company providing educational products and services. They focus on diverse segments of education and cater to learners from multiple age groups. They have four verticles.
- Consumer Test Preparation
- Consumer Publishing
- Enterprise Corporate
- Enterprise Institutional
CL Educate Buyback 2023 Dates
| Buyback Meeting Date: | August 2, 2023 |
| Buyback Announcement Date: | August 2, 2023 |
| Buyback Record Date: | N/A |
| Last Date to Buy Shares: | N/A |
| Buyback Open Date: | August 21, 2023 |
| Buyback Close Date: | November 28, 2023 |
| Finalization of Buyback Acceptance: | N/A |
CL Educate Buyback 2023 Offer Details
CL Educate buyback of 15,95,744 equity shares at a price of ₹94 per equity share. The buyback offers not to exceed ₹15 crores of the total buyback offer size.
| Offer Amount: | ₹15 Crores |
| Number of Shares: | 15,95,744 Equity Shares |
| Face Value: | ₹5 per equity share |
| Buyback Price: | ₹94 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Open Market |
CL Educate Buyback 2023 Acceptance Ratio
The investor should buy around [.] shares at a current market price of ₹[.] (as of date). The calculation will be ₹2,00,000 / ₹[.] buyback price = [.] shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
|---|---|---|---|
| 33% | ₹[.] | [.] | ₹[.] |
| 50% | ₹[.] | [.] | ₹[.] |
| 75% | ₹[.] | [.] | ₹[.] |
| 100% | ₹[.] | [.] | ₹[.] |
CL Educate Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹182 | ₹193 | -₹13 |
| 2022 | ₹209 | ₹189 | ₹14 |
| 2023 | ₹291 | ₹266 | ₹23 |
How to Participate in CL Educate Buyback 2023
Investors who have CL Educate shares in their Demat Account on the Record Date are eligible for the buyback scheme. Eligible Shareholders can participate in the CL Educate Buyback 2023 scheme by selling their shares using the opening form. The payment will be made in accordance with the shares purchased by the business under the CL Educate buyback scheme.
CL Educate Buyback 2023 Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com
CL Educate Company Address
CL Educate Limited
Plot No. 9A,
Sector – 27A, Mathura Road,
Faridabad – 121003
Phone: +91-011-41281100
Email: [email protected]
Website: http://www.cleducate.com
CL Educate Buyback 2023 Lead Managers
- V B Desai Financial Services Limited
CL Educate Buyback 2023 FAQs :
Q1. When is CL Educate Buyback 2023 Record Date?
Ans. CL Educate buyback 2023 record date is N/A.
Q2. When is CL Educate Buyback 2023 Open Date?
Ans. CL Educate buyback 2023 open date is August 21, 2023.
Q3. What is CL Educate Buyback 2023 Price?
Ans. The company has fixed the price at ₹94 per share.
Q4. How to apply for CL Educate Buyback 2023?
Ans. As per the record date you need to have CL Educate shares in your Demat Account. You can participate in buyback after having the stock in your Account.
How to apply for the Different Portals :
Q1. How to Apply the CL Educate Buyback through Zerodha?
–> Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “CL Educate”. Click on Place Order. Enter your Quantity and submit CL Educate Buyback Application Form.
Q2. How to Apply the CL Educate Buyback through Upstox?
–> Log in to Upstox Application with your credentials. Select the CL Educateount Section. You will see the Company Name “CL Educate”. Click on CL Educate Stock for Buyback. Enter your Quantity and submit CL Educate Buyback Application Form.
Q3. How to Apply the CL Educate Buyback through CL Educate Money?
–> Log in to CL Educate Money Application with your credentials. Select the CL Educate. Enter your Quantity and submit CL Educate Buyback Application Form.
