Symphony Buyback 2023 Date, Price & Details

Symphony buyback Record Date, Price & Details

On February 8, 2023, the Symphony Buyback 2023 announcement was made. The open date for the Symphony buyback is May 3, 2023. The specified date for the Symphony buyback record is March 29, 2023. To be eligible for the buyback, the investor must purchase shares of Symphony before the record date.

Symphony

On February 8, 2023, the board of directors authorized the Symphony Buyback of ₹200 crores. Symphony Buyback will be carried out through the stock exchange system’s Tender Offer procedure. The business’s board of directors gave its approval for the company to repurchase from the shareholders fully paid-up equity shares with a face value of 2 apiece at a price of ₹2,000 rupees each, up to a maximum of 200 crores. The largest maker of air coolers in the world is Symphony, an Indian multinational corporation with operations in over 60 countries.

Symphony Buyback 2023 Dates

Buyback Meeting Date:February 8, 2023
Buyback Announcement Date:February 8, 2023
Buyback Record Date:March 29, 2023
Last Date to Buy Shares:March 28, 2023
Buyback Open Date:May 3, 2023
Buyback Close Date:May 17, 2023
Finalization of Buyback Acceptance:May 25, 2023

Symphony Buyback 2023 Offer Details

1,000,000 equity shares from Symphony will be repurchased at a cost of ₹2,000 per equity share. The maximum repurchase offer size shall not exceed ₹200 crore.

Offer Amount:₹200 Crores
Number of Shares:1,000,000 Equity Shares
Face Value:₹2 per equity share
Buyback Price:₹2,000 per equity share
Listing:BSE, NSE
Buyback Type:Tender Offer

Symphony Buyback 2023 Acceptance Ratio

At the current market price of ₹108,000 (as of March 28, 2023), the investor should purchase about 100 shares. ₹2,00,000 divided by the buyback price of ₹2,000 is 100 shares.

Acceptance RatioInvestmentShares BuybackProfit
33%₹108,00033₹30,360
50%₹108,00050₹46,000
75%₹108,00075₹69,000
100%₹108,000100₹92,000

Symphony Financial Report

₹ in Crores₹ in Crores₹ in Crores
YearRevenueExpensePAT
2020₹763₹517₹186
2021₹524₹372₹112
2023₹679₹527₹111

How to Participate in Symphony Buyback 2023

Investors who had Symphony shares in their Demat Account as of March 28, 2019, or earlier, are eligible for the buyback program. According to the opening form, eligible share holders can take part in the Symphony Buyback 2023 scheme by selling their shares. According to the Symphonyepted shares by the firm under the Symphony repurchase program, the payment will be made.

Symphony Buyback 2023 Lead Managers

  • Ambit Private Limited

Symphony Buyback 2023 FAQs

Q1. When is Symphony Buyback 2023 Record Date?

Ans. Symphony buyback 2023 record date is March 29, 2023.

Q2. When is Symphony Buyback 2023 Open Date?

Ans. May 3 is the start date for the 2023 Symphony Buyback.

Q3. What is Symphony Buyback 2023 Price?

Ans. The price per share has been set by the firm at ₹2,000.

Q4. How to apply for Symphony Buyback 2023?

Ans. As per the record date you need to have Symphony shares in your Demat Account. You can participate in buyback after having the stock in your Account.

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