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| Title | Detail |
|---|---|
| Company Name: | Sharda Motor Industries Ltd |
| Buyback Type: | Tender Offer |
| Offer Amount: | ₹185.00Cr |
| Buyback Number of Shares: | 10,27,777 |
| Buyback Price: | 1800 |
| Approx Entry Price: | 1504.15 |
| Promoters In: | Y |
| Record Date: | - |
| Buyback Open Date: | TBD |
| Buyback Close Date: | TBD |
| Payment Date: | TBD |
| Record Date Price: | - |
| Maximum Retail Quantity: | - |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | - |
| Acceptance Ratio Retail: | - |
| Acceptance Ratio Retail %: | |
| Acceptance Ratio General: | - |
| Acceptance Ratio General %: | |
| Final Acceptance Ratio %: | - |
The Record Date for Sharda Motor Industries Ltd Buyback offer has not been announced yet.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Sharda Motor Industries Ltd shares at ₹1504.15 and buyback offer price is ₹1800, you can get ₹295.8499999999999 per accepted share. If you hold 133 shares of Sharda Motor Industries Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 44 to 66 shares with the gain from buyback of ₹13017 to ₹19526.
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% | 44 | ₹13017 |
| 50% | 66 | ₹19526 |
| 75% | 100 | ₹29585 |
| 100% | 133 | ₹39348 |
Steps to participate in Sharda Motor Industries Ltd 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 Sharda Motor Industries Ltd: Not Yet Announced
Buyback closing date for Sharda Motor Industries Ltd: Not Yet Announced
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 Not Yet Announced.
Buyback opening date for Sharda Motor Industries Ltd: Not Yet Announced
Buyback closing date for Sharda Motor Industries Ltd: Not Yet Announced
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 .
