Motilal Oswal Financial Services Buyback Date and Price

Motilal Oswal Financial Services Buyback Details: On May 17, 2022, Motilal Oswal Financial Services NSE 0.30 percent announced the purchase of 14.55 lakh equity shares at a price of Rs 1,100 per unit for a total of Rs 160 crore. The company has opted to acquire shares through a tender offer. The buyback equals 0.98 percent of Motilal Oswal Financial Services’ total paid-up equity share capital as of March 31, 2022.

In an exchange notification, the financial company announced that its Board of Directors had approved the buyback of shares at a price of Rs. 1100 per share for a total sum not exceeding Rs. 160 crore. This buyback represents 0.98 percent of Motilal Oswal Financial Services’ total paid-up capital, or 14,54,545 shares.

Motilal Oswal Financial Services Buyback

Motilal Oswal Financial Services Buyback Date

The Issue Period of Motilal Oswal Financial Services Buyback is (To be announced). This buyback share will open on (To be announced) and closing date is (To be announced). Motilal Oswal Financial Services record date is 27 May 2022. Motilal Oswal Financial Services Buyback Issue Type is Tender Offer.

Motilal Oswal Financial Services Buyback Price

The Motilal Oswal Financial Services buyback share price has been set at Rs. 1100 per equity share by the company. The record date for Motilal Oswal Financial Services buyback has been set for 27 May 2022.

Motilal Oswal Financial Services Buyback Details

Security NameMotilal Oswal Financial Services Limited
Buyback TypeTender Offer
Buyback Record DateMay 27, 2022
Offer Opens OnJun 24, 2022
Offer Closes OnJul 07, 2022
Buyback Offer AmountRs 160 Crores
Listing AtBSE, NSE
Buyback PriceRs. 1100 per share
Face ValueRs. 1 Per Equity Share

You may also read this: What is BuyBack of Share?


About Motilal Oswal Financial Services Buyback

Motilal Oswal Financial Services Limited is a financial services and products company based in India. Mutual Funds, PMS, Fixed Deposits, Bonds, NCDs, Insurance Products, Investment Advisors, and Initial Public Offerings are all distributed by the company.

Trading services, trading platforms, loans against securities, stock lending, IPO funding, margin funding, investment advisory, portfolio restructuring, fixed deposits, value-added services, and other financial goods and services are available from Motilal Oswal Financial Services Limited.

Motilal Oswal Financial Services Limited has over 29,00,000 satisfied customers and has received a 4-star rating for its trading applications.

Retail customers (including High Net Worth Individuals), mutual funds, overseas institutional investors, financial institutions, and corporate clients make up their diverse client base. The organisation has won the UTI-CNBC TV18 Financial Advisor Awards four years in a row for ‘Best Performing National Financial Advisor – Equity Broker.’

Motilal Oswal Financial Services Buyback FAQs

What is Motilal Oswal Financial Services Buyback price?

The Motilal Oswal Financial Services Buyback price is set at Rs 1100 Per Share.  Motilal Oswal Financial Services Buyback will start on (To be announced) and end on (To be announced).

How do I get the Tender Form for Motilal Oswal Financial Services 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 Motilal Oswal Financial Services Buyback?

The Letter of Offer for Motilal Oswal Financial Services Buyback can be download here.

How to participate in for Motilal Oswal Financial Services Buyback?

Through their stockbroker, any equity shareholder with shares in Demat form can participate in the repurchase offer. Only after the shares have been turned into a Dematerialized form can the physical shareholder participate.

The shareholder must advise their broker about the Equity shares they desire to sell. When the corporation issues a buy order for the buyback, the broker will place a sell order. Only when the price given by the shareholder meets the company’s buy order will the trade be conducted at the offer price or less.

Why is Motilal Oswal Financial Services Buyback coming up with buyback?

Necessity of the Issue:

The buyback is being undertaken for the following reasons:

  • The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to the shareholders.
  • The Buyback will help the Company to optimise the capital structure.
  • The Buyback would help in improving financial ratios like earnings per share, return on capital employed and return on equity, by reducing the equity base of the Company.

Is Motilal Oswal Financial Services Buyback good or bad?

The Motilal Oswal Financial Services Buyback programme allows shareholders 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 Motilal Oswal Financial Services Buyback?

The Motilal Oswal Financial Services Buyback opening date is (To be announced).

What is record date for Motilal Oswal Financial Services Buyback?

The Motilal Oswal Financial Services Buyback record date is 27 May 2022.

What is the issue size of Motilal Oswal Financial Services Buyback?

Motilal Oswal Financial Services Buyback issue size is a Rs. 160 Crores.

What is Buyback Price of Motilal Oswal Financial Services Buyback?

Motilal Oswal Financial Services Buyback price is Rs. 1100 per share.