Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
| Title | Detail |
|---|---|
| Company Name: | BSE Limited |
| Buyback Type: | Tender Offer |
| Offer Amount: | ₹374.80Cr |
| Buyback Number of Shares: | 34,70,370 |
| Buyback Price: | 1080 |
| Approx Entry Price: | 705.40 |
| Promoters In: | Y |
| Record Date: | 14-09-2023 |
| Buyback Open Date: | 21-09-2023 |
| Buyback Close Date: | 27-09-2023 |
| Payment Date: | 04-10-2023 |
| Record Date Price: | - |
| Maximum Retail Quantity: | - |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | - |
| Acceptance Ratio Retail: | 1 Equity Share out of every 26 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio Retail %: | 3.85 |
| Acceptance Ratio General: | 2 Equity Share out of every 83 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio General %: | 2.41 |
| Final Acceptance Ratio %: | - |
The Record Date for BSE Limited Buyback offer is 14th Sep 2023
Which means you should hold the BSE Limited share in your demat account by closing session of 14th Sep 2023. Share purchased on and before (14th Sep 2023) - 2 business days will be available in your demat account by 14th Sep 2023.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have BSE Limited shares at ₹705.40 and buyback offer price is ₹1080, you can get ₹374.6 per accepted share. If you hold 284 shares of BSE Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 94 to 142 shares with the gain from buyback of ₹35212 to ₹53193.
The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.
| % Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
|---|---|---|
| 33% | 94 | ₹35212 |
| 50% | 142 | ₹53193 |
| 75% | 213 | ₹79790 |
| 100% | 284 | ₹106386 |
Steps to participate in BSE Limited buyback:
Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.
Buyback opening date for BSE Limited: 21st Sep 2023
Buyback closing date for BSE Limited: 27th Sep 2023
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .
As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 4th Oct 2023.
Buyback opening date for BSE Limited: 21st Sep 2023
Buyback closing date for BSE Limited: 27th Sep 2023
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .
