NIIT Buyback FAQ's

NIIT Buyback Detail
Offer Opens On Apr 12, 2021
Offer Closes On Apr 28, 2021
Issue Size (Shares) 0.99 Crores
Issue Size (Amount) ₹237.00 Crores
Buyback Price ₹240 per Share
Listing At BSE, NSE

NIIT Buyback Date & Price FAQs

  • What is NIIT Buyback price?

    The NIIT Buyback price is set at Rs 240 Per Share. The NIIT Buyback opens on Apr 12, 2021 and closes on Apr 28, 2021.

  • How do I get the Tender Form for NIIT Buyback?

    The Tender Form is a part of the Letter of Offer. It is sent via email to the eligible shareholders on their registered email ids with the depositories/the Company.

    In case the email id is not registered, the Tender form/Letter of Offer is sent via registered post/speed post/courier to the eligible shareholders as on record date.

    Alternatively, the Tender Form and Letter of Offer can also be accessed from the websites of the Company, the Registrar to the Buyback, the Stock Exchanges, or the Manager to the Buyback.

  • Where can I get the Letter of Offer for NIIT Buyback?

    The Letter of Offer for NIIT Buyback can be download here.

  • How to participate in for NIIT Buyback?

    All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

    The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

    The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

    The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

  • Why is NIIT Buyback coming up with buyback?

    Necessity of the Issue:

    The Buyback is being undertaken by the Company to:
    i) To return surplus funds to the Equity Shareholders; and
    ii) To help improve financial ratios like earnings per share and return on equity, by reducing the equity capital of the Company.

  • Is NIIT Buyback good or bad?

    The NIIT 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.


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