Cosmo First Limited Buyback (Cosmo First Buyback) Detail

Last date to be eligible to participate in buyback is December 12, 2022.

The Cosmo First Buyback is a Tender Offer.

The Cosmo First Buyback is being offered at Rs ₹1070 per share per equity share.

The record date for the Cosmo First Buyback is December 14, 2022.

The issue size of Cosmo First Buyback is of 1,009,345 equity shares at ₹1070 per share aggregating upto ₹108.00 Crores.

The buyback is being undertaken for the following reason:

• The Buyback will improve financial ratios like earnings per share, return on capital employed and return on equity, calculated on the basis of financial statements, by reduction in the equity basis of the Company, thereby leading to long term increase in shareholders' value.

• The Buyback will help in achieving an optimal capital structure.

• The Buyback will help the Company to distribute surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing their overall return.

Letter of Offer

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.

The Cosmo First 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.