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| Title | Detail |
|---|---|
| Company Name: | Sinclairs Hotels Limited |
| Buyback Type: | Tender Offer |
| Offer Amount: | ₹30.40Cr |
| Buyback Number of Shares: | 15,20,000 |
| Buyback Price: | 200 |
| Approx Entry Price: | 160.30 |
| Promoters In: | Y |
| Record Date: | 29-09-2023 |
| Buyback Open Date: | 06-10-2023 |
| Buyback Close Date: | 12-10-2023 |
| Payment Date: | 18-10-2023 |
| Record Date Price: | 163.10 |
| Maximum Retail Quantity: | 1226 |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | - |
| Acceptance Ratio Retail: | 1 Equity Share out of every 10 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio Retail %: | 10.00 |
| Acceptance Ratio General: | 1 Equity Share out of every 20 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio General %: | 5.00 |
| Final Acceptance Ratio %: | - |
The Record Date for Sinclairs Hotels Limited Buyback offer is 29th Sep 2023
Which means you should hold the Sinclairs Hotels Limited share in your demat account by closing session of 29th Sep 2023. Share purchased on and before (29th Sep 2023) - 2 business days will be available in your demat account by 29th Sep 2023.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Sinclairs Hotels Limited shares at ₹160.30 and buyback offer price is ₹200, you can get ₹39.69999999999999 per accepted share. If you hold 1248 shares of Sinclairs Hotels Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 412 to 624 shares with the gain from buyback of ₹16356 to ₹24773.
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% | 412 | ₹16356 |
| 50% | 624 | ₹24773 |
| 75% | 936 | ₹37159 |
| 100% | 1248 | ₹49546 |
Steps to participate in Sinclairs Hotels 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 Sinclairs Hotels Limited: 6th Oct 2023
Buyback closing date for Sinclairs Hotels Limited: 12th Oct 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 18th Oct 2023.
Buyback opening date for Sinclairs Hotels Limited: 6th Oct 2023
Buyback closing date for Sinclairs Hotels Limited: 12th Oct 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 .
