Atul Buyback Detail
Buyback Record Date
Buyback Open Date Feb 10, 2021
Buyback Closing Date Aug 9, 2021
Issue Size (Amount) ₹50.00 Crores
Buyback Price ₹7250 per Share

Atul Buyback Date & Price FAQs

The Atul Buyback price is set at Rs 7250 Per Share. The Atul Buyback opens on Feb 10, 2021 and closes on Aug 9, 2021.

There is no concept of Tender form in case of an open market offer through the Stock exchange. Any equity shareholder holding the Equity shares of Atul Buyback can participate in the buyback offer through their stockbroker.

The Public Announcement for Atul Buyback can be download here.

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

Necessity of the Issue:

The Buy-back is undertaken by the Company:
i) To return surplus funds to the equity shareholders.
ii) To improve earnings per share by reducing the equity base and lead to a long-term increase in the value of shareholders.

The Atul 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.