3 minutes readSIS Ltd Buyback

SIS Ltd Buyback Details: On June 29, 2022, the board of SIS Ltd met and decided to evaluate and approve a share repurchase of up to Rs. 80 crore at a cost of Rs. 550 per equity share (Buyback Offer Price). The SIS Ltd Buyback will be carried out through the stock exchange system using a Tender Offer procedure.

SIS Ltd Buyback

The stock traded at roughly 2.54% more than its previous close of Rs. 447.65, at Rs. 459. The stock reached its day high of 485.

The business disclosed in an exchange filing that the share buyback represents less than 10% of the total amount of fully paid-up equity share capital, with the record date (Eligible Shareholders) to be determined later by the board.

SIS Ltd Buyback Date

The open date for the SIS buyback has not yet been disclosed. The SIS Ltd repurchase record date has not yet been disclosed. To be eligible for the buyback, the investor must purchase shares of SIS Ltd. before the record date.

SIS Ltd Buyback Price

The business’s board of directors gave its approval for the company to repurchase from the shareholders fully paid-up equity shares with a face value of Rs. 5 each at a price not to exceed Rs. 550 per equity share and for a total not to exceed Rs. 80 crores or 14,54,545 equity shares.

SIS Ltd Buyback 2022 Acceptance Ratio

At the current market price of Rs.454, the investor should purchase around 363 shares (as of June 29, 2022). The formula is as follows: 363 shares = Rs. 2,00,000 / Rs. 550 buyback price.

SIS Ltd Buyback Details

Security NameSIS Limited
Buyback TypeTender Offer
Offer Opens On(To be announced)
Offer Closes On(To be announced)
Number of Shares14,54,545 Equity Shares
Buyback Offer AmountRs 80 Crores
Listing AtBSE, NSE
Buyback PriceRs. 550 Per Equity Share
Face ValueRs. 5 Per Equity Share

About SIS Ltd Buyback

Security & Intelligence Serv. (India) provides security and related services, including manned guarding, training, and indirect involvement in paramedic and emergency response, loss prevention, asset protection, and mobile patrols; facility management services, including cleaning, housekeeping, and pest control management services in the areas of facility management; and cash logistics services, including cash-in-transit, AT, and ATM services.

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

SIS Ltd Buyback FAQs

When is SIS Ltd Buyback 2022 Record Date?

SIS Ltd buyback 2022 record date is (To be announced).

When is SIS Ltd Buyback 2022 Open Date?

SIS Ltd buyback 2022 open date is (To be announced).

Where can I get the Public Announcement for SIS Ltd Buyback?

The Public Announcement for SIS Ltd Buyback can be download here.

What is SIS Ltd Buyback 2022 Price?

The company has fixed the price at Rs.550 per share.

How to apply for SIS Ltd Buyback 2022?

As per the record date you need to have SIS Ltd shares in your Demat account. You can participate in buyback after having the stock in your account.

Is SIS Ltd Buyback good or bad?

The SIS Ltd Buyback 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 record date for SIS Ltd Buyback?

The SIS Ltd Buyback record date is (To be announced).

What is the issue size of SIS Ltd Buyback?

SIS Ltd Buyback issue size is a Rs.80 Crores.