Sinclairs Hotels Buyback Date and Price

Sinclairs Hotels Buyback Details: The Board of Directors of Sinclairs Hotels Limited approved the buyback of up to 7 lakh fully paid-up equity shares with a face value of Rs. 2 each at a bayback price of Rs. 143 (Rupees One Hundred and Forty Three Only) per equity share payable in cash at their meeting today. Through the Tender Offer process, a proportionate buyback will be made.

Sinclairs Hotels Buyback

The total buyback payment would be Rs. 10,01,00,000 (Rupees Ten Crore One Lakh Only) (excluding TDS, SEBI filing fees, advisors/legal fees, public announcement publication expenses, printing and dispatch expenses, and other incidental and related expenses, as well as transaction costs such as brokerage, securities transaction tax, goods and service tax (GST), stamp duty, and other transaction costs).

According to the audited financial accounts for the financial year ended March 31, 2021, Sinclairs Hotels Buyback represents 2.51% of the total number of equity shares in the firm and 9.93% of the paid-up share capital and free reserves.

The record date for deciding whether stockholders holding shares in their own names are eligible has been set for May 13, 2022.

Sinclairs Hotels Buyback Date

The Issue Period of Sinclairs Hotels Buyback is (To be announced). This buyback share will open on (To be announced) and closing date is (To be announced).

Sinclairs Hotels Buyback Price

The Issue Price of Sinclairs Hotels Buyback is Rs 143 per share. This buyback share will list on BSE.

Sinclairs Hotels Buyback Details

Security NameSinclairs Hotels Limited
Buyback TypeTender Offer
Buyback Record DateMay 13, 2022
Offer Opens On(To be announced) 2022
Offer Closes On(To be announced) 2022
Buyback Offer AmountRs 10.01 Crores
Listing AtBSE
Buyback PriceRs. 143 per share
Face ValueRs. 2 Per Equity Share

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About Sinclairs Hotels Buyback

In India, Sinclairs Hotels Limited owns and runs nine hotels. Burdwan, Siliguri, Darjeeling, Kalimpong, and Dooars in West Bengal, Gangtok and Yangang in Sikkim, Ooty in South India, and Port Blair in the Andamans are among the company’s properties.

Sinclairs also provides exceptional conference, meeting, and seminar facilities in these places. Travelers consistently praise the establishments for their guest comfort, service, food, and meeting facilities.

Sinclairs Hotels Buyback FAQs

What is Sinclairs Hotels Buyback price?

The Sinclairs Hotels Buyback price is set at Rs 143 Per Share. Sinclairs Hotels Buyback will start on (To be announced) and end on (To be announced).

How do I get the Tender Form for Sinclairs Hotels 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 also be accessed via the websites of the Company, the Registrar to the Buyback, the Stock Exchanges, or the Manager to the Buyback.

Where can I get the Public Announcement for Sinclairs Hotels Buyback?

The SMC Global SecuritThe Sinclairs Hotels Buyback Public Announcement can be downloaded here.

How to participate in for Sinclairs Hotels 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 Sinclairs Hotels Buyback coming up with buyback?

The need for Sinclairs Hotels Buyback has yet to be determined.

Is Sinclairs Hotels Buyback good or bad?

The Sinclairs Hotels Buyback provides shareholders with the opportunity to sell their stock 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 Sinclairs Hotels Buyback?

The Global Securities Buyback opening date is (To be announced).

What is record date for Sinclairs Hotels Buyback?

The Sinclairs Hotels Buyback record date is May 13, 2022.

What is the issue size of Sinclairs Hotels Buyback?

Sinclairs Hotels Buyback issue size is a Rs. 10.01 Crores.

What is Buyback Price of Sinclairs Hotels Buyback?

Sinclairs Hotels Buyback issue price is a Rs. 143 per share.