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.
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 Name||SIS Limited|
|Buyback Type||Tender Offer|
|Offer Opens On||(To be announced)|
|Offer Closes On||(To be announced)|
|Number of Shares||14,54,545 Equity Shares|
|Buyback Offer Amount||Rs 80 Crores|
|Listing At||BSE, NSE|
|Buyback Price||Rs. 550 Per Equity Share|
|Face Value||Rs. 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?