The Piramal Enterprises Buyback date has been Recorded on August 25, 2023. Read the post to learn about Piramal Enterprises Buyback.
Piramal Enterprises buyback 2023 was blazoned on July 28, 2023. The Piramal Enterprises repurchase will begin on August 31, 2023. Piramal Enterprises buyback record date is August 25, 2023. To be eligible for the buyback, the investor must buy Piramal Enterprises shares for the record date.
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Key Details Of Piramal Enterprises Buyback:
Record Dates
August 25, 2023
Buyback Price
₹1250 per share
Face Value
₹2 per share
Offer Closes On
September 6, 2023
Piramal Enterprises Buyback Price
The Piramal Enterprises Buyback Price Today is ₹[1250 per equity share ].
Piramal Enterprises Buyback Overview
Piramal Enterprises buyback of 1750 crores was approved by the board of directors at its meeting on July 28, 2023. The Piramal Enterprises Buyback Price Today is ₹[1250 per equity share]. Piramal Enterprises buyback will take place using the stock exchange’s Tender Offer procedure. The company’s board of directors authorized the buyback of its completely paid- up equity shares with a face value of 2 each at a price of 1250 per equity share and for an aggregate quantum not exceeding 1750 crores from the shareholders.
Piramal Enterprises Share Buyback 2023 Details
| Offer Amount: | ₹1750 Crores |
| Number of Shares: | 1,40,00,000 Equity Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹1250 per equity share |
| Listing: | BSE and NSE |
| Buyback Type: | Open Market |
Piramal Enterprises Buyback Dates (Timeline)
| Buyback Meeting Date: | July 28, 2023 |
| Buyback Announcement Date: | July 28, 2023 |
| Buyback Record Date: | July 25, 2023 |
| Last Date to Buy Shares: | July 24, 2023 |
| Buyback Open Date: | August 31, 2023 |
| Buyback Close Date: | September 6, 2023 |
| Finalization of Buyback Acceptance: | 2023 |
Piramal Enterprises Financial Performance
| ₹ in Crores | FY 2021 | FY 2022 | FY 2023 |
| Year | Revenue | Expense | PAT |
| 2020 | ₹13,068 | ₹6,801 | ₹21 |
| 2021 | ₹12,809 | ₹5,338 | ₹1,413 |
| 2022 | ₹7,726 | ₹1,984 | ₹1,999 |
Piramal Enterprises Buyback Acceptance Ratio
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹171,680 | 53 | ₹9,381 |
| 50% | ₹171,680 | 80 | ₹14,160 |
| 75% | ₹171,680 | 120 | ₹21,240 |
| 100% | ₹171,680 | 160 | ₹28,320 |
Company Profile
Piramal Group is a transnational empire with interests in medicinals, fiscal services, and real estate. With a presence in further than 30 countries and a strong brand character in over 100 requests, the Group employs over 10,000 individualities from 21 different races. Throughout its actuality of further than 30 times, Piramal Group has pursued a double approach to growth, combining both organic and inorganic strategies. Guided by its core values, the Group has prioritized inclusive growth while maintaining a commitment to ethical practices. Piramal Enterprises Limited (PEL), an affiliate of Piramal Group, is a prominent non- banking fiscal company (NBFC) in India. With means valued at
roughly $ 10 billion, PEL operates a vast network of over 400 branches across 26 countries and Union homes. It offers a wide range of fiscal products and results, including retail and marketable lending, fund- rested platforms, and investments.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | https://linkintime.co.in |
Contact Details
| Name | Piramal Enterprises Buyback Limited |
| Phone number | +91-22-3802 3000/400 |
| Email ID | [email protected] |
| Website | https://www.piramal.com |
Buyback Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
Buyback 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.
Piramal Enterprises Buyback FAQs
When is Piramal Enterprises Buyback 2023 Open Date?
Piramal Enterprises buyback 2023 open date is August 31, 2023.
What is Piramal Enterprises Buyback 2023 Price?
The company has fixed the price at ₹1250 per share.
How to apply for Piramal Enterprises Buyback 2023?
As per the record date you need to have Piramal Enterprises shares in your Demat Account. You can participate in buyback after having the stock in your Account.
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