Quick Heal Technologies Buyback

Quick Heal Technologies Buyback Details: After announcing that its board will meet on Thursday, 21 July 2022, to discuss a proposal for the buyback of the company’s fully paid up equity shares, Quick Heal Technologies saw a 17.38 percent increase to Rs 195.90.

 Quick Heal Technologies Buyback

The buyback of up to 50,00,000 equity shares, or 8.6% of the total paid-up equity share capital of the firm, for a maximum of Rs 150 crore at a price of Rs 300 per equity share, was approved by the board.

Promoters have the opportunity to take part in the buyback and offer a combined maximum of 36,41,860 equity shares, according to the board.

The stock repurchase program began by the business in May 2021 and April 2019, respectively.

Additionally, the business released its June quarter results after market close. On an annual basis, its consolidated revenue from operations climbed 11.5% to Rs 61.08 from Rs 54.78.

Quick Heal Technologies Buyback Date

On July 21, 2022, Quick Heal Technologies Buyback 2022 was announced. The Quick Heal Technologies Buyback Dates are (To be announced). Promoters have the opportunity to take part in the buyback and offer a combined maximum of 36,41,860 equity shares, according to the board.

Quick Heal Technologies Buyback Price

The Quick Heal Technologies Buyback Price is Rs. 300 per share. The Company would perform a buyback using equity totaling 50,00,000 equity shares, which are fully paid up and have a face value of 10 rupees each, at a cost of Rs. 300 per equity.

Quick Heal Buyback 2022 Acceptance Ratio

The investor should buy around (To be announced) shares at a current market price of Rs. (To be announced) (as of 2022). The calculation will be Rs.2,00,000 / Rs. (To be announced) buyback price = (To be announced) shares.

Quick Heal Buyback Details

Security NameQuick Heal Technologies Limited
Buyback TypeTender Offer
Offer Opens On(To be announced)
Offer Closes On(To be announced)
Number of Shares50,00,000 Equity Shares
Buyback Offer AmountRs 150 Crores
Listing AtBSE, NSE
Buyback PriceRs. 300 Per Equity Share
Face ValueRs. 10 Per Equity Share

About Quick Heal Technologies Limited Buyback

One of the top suppliers of IT security solutions in India is Quick Heal Technologies Limited.

For a variety of platforms, including Windows PC, laptop, Mac, Windows Server, Android mobile, and Multi-device, Quick Heal Technologies provides dependable software products. Additionally, it offers network security, data protection security, and PC speed optimization solutions. The Quick Heal products can be tailored to fit a variety of consumers, including home users, small and medium-sized businesses (SMB), enterprises, educational institutions, and government agencies and departments.

The company’s research and development has been centred on computer and network security solutions for more than 20 years. Current cloud-based security solutions with cutting-edge machine learning capabilities can halt threats, attacks, and malicious communications before they happen. Utilizing fewer system resources as a result. Indian citizens independently devised the security solutions. Quick Heal Technologies Ltd. owns the rights to Quick Heal Antivirus Solutions, Quick Heal Scan Engine, and the full line of Quick Heal products (Formerly Known as Quick Heal Technologies Pvt. Ltd.)


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Quick Heal Technologies Buyback FAQs

What is Quick Heal Technologies Buyback 2022 price?

The Quick Heal Technologies Buyback 2022 price is set at Rs 300 Per Share. The Quick Heal Technologies Buyback 2022 opens on (To be announced) and closes on (To be announced).

How do I get the Tender Form for Quick Heal Technologies Buyback 2022?

The Tender Form is a part of the Letter of Offer. It is sent via email to the eligible shareholders on their registered email ids with the depositories/the Company.

In case the email id is not registered, the Tender form/Letter of Offer is sent via registered post/speed post/courier to the eligible shareholders as on record date.

Alternatively, the Tender Form and Letter of Offer can also be accessed from the websites of the Company, the Registrar to the Buyback, the Stock Exchanges, or the Manager to the Buyback.

Where can I get the Letter of Offer for Quick Heal Technologies Buyback 2022?

The Letter of Offer for Quick Heal Technologies Buyback 2022 can be download here.

How to participate in for Quick Heal Technologies Buyback 2022?

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

Why is Quick Heal Technologies Buyback 2022 coming up with buyback?

The necessity for Quick Heal Technologies Buyback 2022 is not yet declared.

Is Quick Heal Technologies Buyback 2022 good or bad?

The Quick Heal Technologies Buyback 2022 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one’s need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.

What is opening date for Quick Heal Technologies Buyback?

The Quick Heal Technologies Buyback opening date is (To be announced).

What is record date for Quick Heal Technologies Buyback?

The Quick Heal Technologies Buyback record date is (To be announced).

What is the issue size of Quick Heal Technologies Buyback?

Quick Heal Technologies Buyback issue size is a Rs. 150 Crores.

What is Buyback Price of Quick Heal Technologies Buyback?

Quick Heal Technologies Buyback issue price is a Rs. 300 per share.