One 97 Communications Buyback FAQ's

The One 97 Communications Buyback price is set at Rs 810 Per Share. The One 97 Communications Buyback opens on December 21, 2022 and closes on February 13, 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 One 97 Communications Buyback can participate in the buyback offer through their stockbroker.

The Public Announcement for One 97 Communications 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 reasons:

• The Board believes that this buyback is a sign of confidence thai the Company is on a clear path to deliver cash flow profitability, and this buy-back will not have any impact on growth plans in the near future or on its profitability plans.

The One 97 Communications 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.