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Mindteck India Buyback FAQ's

Mindteck India Buyback Detail
Buyback Record Date
Buyback Open Date August 24, 2022
Buyback Closing Date January 30, 2023
Issue Size (Amount) ₹13.70 Crores
Buyback Price ₹180 per Share

Mindteck India Buyback Date & Price FAQs

The Mindteck India Buyback price is set at Rs 180 Per Share. The Mindteck India Buyback opens on August 24, 2022 and closes on January 30, 2023.

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 Mindteck India Buyback can participate in the buyback offer through their stockbroker.

The Public Announcement for Mindteck India 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 buyback is being undertaken for the following reason:

1. The Buy-back is being undertaken by the Company to return surplus funds to the equity shareholders of the Company. Additionally, the Company believes that the Buy-back will improve earnings per share by reduction in the equity base, thereby leading to long-term increase in the value of shareholders.

The Mindteck India 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.