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Feb 4th, 2019: Coal India Ltd (BSE:533278 | NSE:COALINDIA) board has approved a proposal for buyback of up to 4.47 Cr shares at Rs 235 per share, aggregating Rs 1050 Cr (Buyback Offer Size) which is 0.72% of total paid-up equity share capital.
Below is the complete details about Coal India Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 1050 Cr |
| Buyback Number of Shares: | 4.47 Cr |
| Buyback Price: | Rs 235 |
| Buyback Offer Size (In %): | 0.72% |
| Total Share Capital: | Rs 138425.22 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Coal India Ltd buyback offer? No
In this section we have covered all important dates related to Coal India Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 4th Feb 2019 |
| Buyback Approval date | 4th Feb 2019 |
| Public Announcement of Buyback | 4th Feb 2019 |
| Record Date | 15th Feb 2019 |
| Buyback opens on/Buyback Opening Date | 1st Mar 2019 |
| Buyback closes on/Buyback Closing Date | 15th Mar 2019 |
| Cut-off date to receive completed tender forms by Registrar | 18th Mar 2019 |
| Cut-off date for verification by the Registrar | 18th Mar 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
20th Mar 2019 |
| Last date of settlement of bids on the stock exchange | 22nd Mar 2019 |
| Last date to return unaccepted shares by Registrar | 22nd Mar 2019 |
| Last date of extinguishment of Equity Shares | 25th Mar 2019 |
Stock Holding table gives a clear picture on retail investor holdings of Coal India Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 0.0% |
| Promoter-Indian | 78.32% |
| Non-Promoter-Institutions | 18.70% |
| Non-Promoter-Non-Institutions | 2.98% |
Coal India Ltd Public Announcement >>Document
Coal India Ltd Draft Letter of Offer >>Document
Coal India Ltd Letter of Offer >>Document
Coal India Ltd Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 4 Equity Share out of every 53 fully paid-up Equity Share held on the Record Date. | 7.57% |
| General Category | 1 Equity Share out of every 162 fully paid-up Equity Share held on the Record Date | 0.62% |
For Coal India Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 118.25%, No. of Equity Shares reserved in Buyback was 37978722 where valid bid received for retail category was 44911111 which is 118.25% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 2.42%, No. of Equity Shares reserved in Buyback was 6702128 where valid bid received for retail category was 162193 which is 2.42%. Final Acceptance Ratio for Retail Investors was 100%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 916.10 (-2.09%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 175.05 (-0.96%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 297.25 (0.46%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 468.95 (2.01%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
Coal India Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Coal India Ltd? How can I apply in Coal India Ltd Buyback offer?Last Updated on 2019-03-28T22:39:48+00:00
