Birlasoft Limited Buyback Date and Price

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 Buyback

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 NameBirlasoft Limited
Buyback TypeTender Offer
Buyback Record Date
Offer Opens On
Offer Closes On
Buyback Offer AmountRs 390 Crores
Issue Size (Shares)0.78 Crores
Listing AtBSE, NSE
Buyback PriceRs. 500 per share
Face ValueRs. 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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Birlasoft Limited Buyback FAQs

What is Birlasoft Limited Buyback Price?

The Birlasoft Limited Buyback price is set at Rs 500 Per Share.. Birlasoft Limited Buyback will start on (To be announced) and end on (To be announced).

How do I get the Tender Form for Birlasoft Limited Buyback?

The Letter of Offer includes a Tender Form. It is communicated to eligible shareholders through email on their depositories’/Company’s registered email addresses.

If the email address is not recorded, the Tender form/Letter of Offer is mailed to eligible shareholders on the record date through registered mail, speed mail, or courier.

Alternatively, the Tender Form and Letter of Offer can be found on the Company’s, Registrar to the Buyback’s, Stock Exchanges’, and Manager to the Buyback’s websites.

Where can I get the Letter of Offer for Birlasoft Limited Buyback?

The Letter of Offer for Birlasoft Limited Buyback can be download here.

How to participate in for Birlasoft Limited Buyback?

Through their Stock Broker, any eligible Shareholders of the Company owning either Physical or Demat Shares as of the Record Date can participate in the repurchase offer.

The eligible shareholder must advise their broker of the information of the Equity shares they desire to tender in the Buyback Offer if they hold the shares in Demat form. The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.

Original share certificates and supporting paperwork must be presented to the broker by the qualifying shareholder who owns the shares in physical form. The broker executes an order on the stock market when document verification is completed and submits the original share certificate and TRS to the registrar.

In the case of Demat shares, the tender form and TRS are optional, while in the case of physical shares, they are required.

Why is Birlasoft Limited Buyback coming up with buyback?

The necessity for Birlasoft Limited Buyback is not yet declared.

Is Birlasoft Limited Buyback good or bad?

The Birlasoft Limited Buyback provides shareholders with the opportunity to sell their shares at a higher price. If you stay invested, you will have a higher percentage of the company’s stock and higher earnings per share. To decide whether to stay invested or participate in the repurchase offer, one must first analyse the company’s fundamentals, as well as one’s needs, ambitions, and risk appetite.

What is opening date for Birlasoft Limited Buyback?

The Birlasoft Limited Buyback opening date is (To be announced).

What is record date for Birlasoft Limited Buyback?

The Birlasoft Limited Buyback record date is (To be announced).

What is the issue size of Birlasoft Limited Buyback?

Birlasoft Limited Buyback issue size is a Rs. 390 Crores.

What is Buyback Price of Birlasoft Limited Buyback?

Birlasoft Limited Buyback issue price is a Rs. 500 per share.