Birlasoft Limited Buyback Details: At its meeting today, the Company’s Board of Directors approved, among other things, the buyback of up to 7,800,000 fully paid equity shares of Rs. 2/- each (Equity Shares) (representing 2.79 percent of the Company’s total paid-up equity capital) at a price of Rs. 500/- per Equity Share (Buyback Offer Price), for an aggregate amount not exceeding Rs. 3,900 million (hereinafter referred to as the Buyback Offer Size) (representing less).
Birlasoft Limited, an IT business, has announced a share buyback of up to 7,800,000 fully paid equity shares for up to 390 crore. The company’s board of directors authorised the Birlasoft buyback plan for 2022 at a price of 500 per share. The Birlasoft board also agreed that share buybacks will be done through a tender process.
Birlasoft Limited Buyback Date
The Issue Period of Birlasoft Limited Buyback is (To be announced). This buyback share will open on (To be announced) and closing date is (To be announced). Birlasoft Limited record date is (To be announced). Birlasoft Limited Buyback Issue Type is Tender Offer. The business has also stated that the buyback will be done through a tender process.
Birlasoft Limited Buyback Price
The Issue Price of Birlasoft Limited Buyback Price is Rs 500 per share. This buyback share will list on BSE & NSE. Birlasoft Limited face value is Rs 10. Birlasoft’s board of directors has announced a Rs. 500 per share share repurchase. According to the newly founded Indian exchanges, the IT company’s share repurchase will not exceed Rs. 390 crore, or up to 7,800,000 fully paid equity shares.
According to market analysts, the current share price of Birlasoft is Rs. 375 (as of May 25, 2022), while the repurchase is set at Rs. 500 per share. This buyback may have a higher acceptance ratio due to the IT stock’s heavy battering, since its 52-week high is Rs. 585 per share.
Birlasoft Limited Buyback Details
|Security Name||Birlasoft Limited|
|Buyback Type||Tender Offer|
|Buyback Record Date||–|
|Offer Opens On||–|
|Offer Closes On||–|
|Buyback Offer Amount||Rs 390 Crores|
|Issue Size (Shares)||0.78 Crores|
|Listing At||BSE, NSE|
|Buyback Price||Rs. 500 per share|
|Face Value||Rs. 2 Per Equity Share|
About Birlasoft Limited Buyback
Birlasoft specialises on digital and enterprise technology. Data analytics, digital analytics, IT transformation, testing, application management, infrastructure, and cloud technologies are among the services offered to firms in the banking, manufacturing, capital markets, insurance, energy and resources, life science, and healthcare industries.
Birlasoft employs around 11,900 people worldwide, including offices in the United States, the United Kingdom, France, Germany, Dubai, Australia, India, and Singapore, among others.
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