Hinduja Global Solutions Limited Buyback (Hinduja Global Solutions Buyback) Detail

How to take part in buyback if we have shares in demat account?
For physical shares, they are providing tender form but for shares in demat account, kindly acknowledge the process?

you can place your Buyback order through your broker. Which Stock Broker are you using?

In Zerodha, goto Console. In Console -> Portfolio -> Corporate Actions
There you will see a list of companies whose Buyback has started. You can place your order there.

@NewInvestorNew

Thanks for the guidance, sir.

Hi, on record date i had 50 sh.
Entitlement is of 19 sh.
So should i apply 50sh or 19sh only in hdfc securities application?

Suggested to submit all the 50 shares held on the Record Date as Acceptance Rate will normally be more than the Entitlement Rate.

Just got the mail. May 22-Jun 2. Entitlement: 53/140.

For recent buybacks, the AR to ER ratio has been at least 2.2. So expecting 80% AR. But the AR could be lower here, as people may be desperate to exit.

Expecting AR to be around 60%.

AR can be 65 to 70 %

Hinduja Global Solutions BUYBACK Official Details

Buyback Window Opens : 22 May
Buyback Window Closes : 02 June

Buyback Settlement Date : 13 June

Retail Entitlement Ratio : 38 Shares Against 100 Shares (38.25%)

Expected Retail Acceptance Ratio : 65 - 70%

Is this info available in public domain? Others are saying 1 in 3.

Hinduja Global
opening date is May 22,2023
closing on June 2, 2023

Has anyone got the offer letter? In case people haven't, where has this news been posted?

PS: I did get the clarification email, but haven't got the letter.

@mohsin @wvi this are tentative dates in 1-2 days you will get confirmation mail

Buyback is starting from - 22 May
Ending on 2 June

https://investorzone.in/buyback/hinduja-global-solutions-buyback-2022/

Buy Back Offer Deal:
Buyback Type:      Tender Offer
Buyback Record Date:      Mar 06 2023
Buyback Opening Date:      May 22 2023
Buyback Closing Date:      Jun 02 2023
Buyback Offer Amount:      ₹ 1020 Cr
Date of Board Meeting approving the proposal:      Dec 19 2022
Date of Public Announcement:      Dec 19 2022
Buyback Offer Size:      14.36%
Buyback Number of Shares:      60,00,000
Price Type:      Tender Offer
FV:      10
Buyback Price:      ₹ 1700 Per Equity Shar

https://investorzone.in/buyback/hinduja-global-solutions-buyback-2022/

i have no faith about this company. this is the last fault investment in my career . the company is thinking investors are fools . their main aim is how to gain promotors not public investors .
how much money they gained and how much money they given to public investors .what about the remaining money ..........
they are thinking how to decrease the profit to the public investors.
worst worst

In short, as per mail received from Hinduja today, the delay in the buyback process was due to amendments to the buyback rules. That issue settled, now the company is awaiting approval from SEBI.

Dear Member,
Folio / DP Id & Client Id :
Name of the Member :
Sub: Update on proposed Buyback of Equity Shares of Hinduja Global Solutions
Limited (‘the Company’)
The Company has noticed that certain misleading rumours are circulating about the status of the buyback programme of the Company’s shares (Buyback). The Company has also received queries regarding the same and therefore, through this letter, we intend to apprise you the status of the proposed Buyback.
Post receipt of Shareholders’ approval for Buyback of equity shares of the Company on
January 25, 2023, the public announcement of Buyback appeared in the newspapers on
January 31, 2023. The aggregate amount of Buyback is Rs. 1,020 crores and the buyback
price is Rs. 1,700 per Equity Share. The Record Date to determine the eligibility of
Shareholders of the Company for Buyback was fixed at March 6, 2023.
After the public announcement on February 7, 2023, the Company filed the Draft Letter of
Offer (DLOF) with Securities and Exchange Board of India (SEBI) for its comments.
On February 7, 2023, amendments on Buyback regulations were notified and came into effect.
This led to some ambiguity as to whether HGS Buyback would be as per the amended
regulations or as per the old regulations resulting in some delay of the entire process. After all assessments and analysis, it was clarified to the Company that the Buyback would be as per the old regulations.
Thereafter, the Company has submitted, from time to time, all the information sought (including Record Date data). The Company is currently awaiting final clearance on the DLOF.
As per the prescribed procedure, the Company shall dispatch the Letter of Offer to all the eligible shareholders within 5 working days from the date of receipt of final comments on DLOF. The Buyback Offer would open within 5 working days of the dispatch of Letter of Offer to the Shareholders.
While the process has taken longer than envisaged, the Company remains committed
to its shareholders and shall complete the Buyback of Equity Shares at the earliest. We
seek your co–operation in the matter.
Thanking you,
For Hinduja Global Solutions Limited
Sd/-
Narendra Singh
Company Secretary
F 4853

(👆HGS LETTER TO SHAREHOLDERS UPLOADED IN HGS PAGE OF BSE WEBSITE)
PLEASE DO NOT SPREAD UNNECESSARY RUMORS.

WHICH IS FAKE WHICH S REAL
WATING FOR A LONG TIME
IN MY KNOWLEDGE THIS COMPANY HAS BAD MANAGEMENT
THEY WONT CARE ABOUT RETAILERS
THEY GAINED MONEY MORE THAN THEIR MARKET CAPITAL BUT RETAILERS GOT JUST,
SHARE PRICE ABOUT 18 MONTHS IS DECREASING DECREASING BUT PROMOTORS ARE TAKING USELESS ACTIONS FOR INCREASE IT.

A certified bad management. No doubt .agree with you .playing with sentiment of shareholders. Using Loopholes of sebi guidelines. Delaying procedure times

Some facts on buybacks:

Some buybacks take longer than others. Ex: in 2020 Granules India, took 75 days for approval, in 2021- Smartlink Holdings took 60 days, In 2022- Care Ratings and Triveni Engineering took 60 days. It has only been 50 days for HGS- 35 working days, out of which 6 holidays were there.
Kindly keep calm!

Tweet @Sandeepagg_IPO

HGS BUYBACK UPDATE*

For last few days there are rumors about HGS Buyback cancellation, as per my understanding about buyback rules and regulations all this rumors are baseless.
For all the HGS buyback investors no need to worry, soon you will receive positive news about it.👍

Resp Arun sir very supportive message Thanks for this

This is such a ruckus Im no longer participating in this, I work with this jodhpur based BPO and my acquaintance asked me to check out this buyback, I had previously invested 30k in Ipos and ETFs. This time he told me to be confident as its a sure shot thing, I invested my portfolio amount as well as savings thinking I would earn more and get my parents a new phone. All of a sudden the prices fell and my friend stopped picking up my calls, the last convo we had and he said it may get cancelled.
I have made a drastic loss and to recover now will be very tough and for whomever it concerns Please Really Think Before Going Ahead Because Market PRICE SAYS A BIGGER STORY

Why will dealy to announce buy back date?campny have no maney for buy back in hand clash ?

https://www.sebi.gov.in/sebi_data/commondocs/apr-2023/Buyback%2014.04.2023-Pending_p.pdf

The above link provides status of Buyback proposal with Sebi.

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कं पनी का नाम
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समाचार-पğɉ मɅसावज[ Ǔनक घोषणा
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on
Ĥèताव
(ऑफर) का
आकार (करोड़
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Offer Size
(Rs Cr)
अंǓतम बार सूचना आǑद कब भेजी गई / कब
ĤाÜत हुई
Last communication issued/received
कायवाह [ ȣ कȧ िèथǓत
Processing status
1 Hinduja Global Solutions Limited Motilal Oswal Investment Advisors Limited 31/01/2023 07/02/2023 1,020.00 10/04/2023 Reply received on April 10, 2023. Under
process.
2 Symphony Ltd. Ambit Private Limited 17/03/2023 23/03/2023 200.00 05/04/2023 Reply received on April 12, 2023. Under
process.
3 Teamlease Services Limited Edelweiss Financial Services Limited 20/03/2023 28/03/2023 100.00 11/04/2023 Clarifications sought from MB on April 11,
2023. Reply awaited.

what about 6100 cr of money by selling of heath verdict. cash is used the promotors as loans enhansment,now telling no hand cash
we are not fools to listen this kind of words

*Alert against fake news- HGS:*


Fraudsters on Chittorgarh and Moneycontrol are spreading fake news that the buyback will be cancelled. There is no such reason for the buyback to be cancelled. This kind of fake news is often being spread by those who want to make money through illegitimate means. The company fulfils all conditions for a successful buyback offer to be done- debt- equity ratio under 2:1, percentage of reserves utilised under 25%, approval of shareholders has been taken.

Hinduja Global Solutions is a part of Hinduja Group of Companies- one of the largest business corporate in India. The company regularly pays dividends to investors. In the last one and a half years has paid more than Rs. 200 as dividend.

The fall in price can be attributed to a large buyback reaching ex date. On the first day only, it fell 15%. Further, there has been selling in IT and midcap shares.

SEBI processes take time, as can be seen in the last buyback of Triveni where letter of offer came after 50 days of record date. In this case, there were 5-6 public holidays due to which the process slowed down. As per communication shown on SEBI website, there has been 4 times conversation between the merchant banker and SEBI in the last 3 weeks.
In fact, even if the buyback does not go through, the planned 15% equity dilution of company will not happen- Rs. 1200 Cr. of company will retain with it which it otherwise was to distribute, so the stock will rally either way.

So, sit tight and wait for the good news to arrive!

Bro, price WILL fall for sure.
Even after buyback,
Just look at valuations
But don't get blinded by stock rigging.
Do you think, anyone of us is using product or service of this company directly or indirectly?

The fair price will be below 400₹
Accept that you are in loss,
Buyback was announced at 1400₹ market price. Buyback price was 1700₹
So even if AR is 50%, you are at loss, despite money being locked into it for 6 months.

If share price will fall, AR cannot be high, because all those trapped badly will tender upto their full entitlement. So expect AR to be close to ER, which I expect to be near 20-30%.
And share price can go even below 400₹, calcilate your losses if this happens!
If one big investor will start selling, then it's smart for everyone to sell. Only people waiting for buyback will get trapped.
Kyunki company ki value hi below 3000 Cr ki h (share price below 400)

I don't think buyback will get cancelled
Agreed, that some may be manipulating you to sell.
But you too, please don't give false hopes to retailers. Buyback ke baad bhi most of who held shares will be in loss only.

DISCLAIMER: this is just my opinion for educational purpose. You do whatever you think is right.

I am currently not invested in HGS.
Had sold on record date at 1240₹

Add to this acquisition of NXT DIGITAL, which is a loss making high debt company of promoters.
Also, HGS core business is in D2H like installation of setup box, which is a decli ing industry in itself.
Plus, that whole market will be destroyed by JioFiber and others in competition. So their core business has no intrinsic value.

The share price has been stabilised largely due to retail people buying shares to participate in buyback arbitrage. But promoters are using this qs wonderful opportunity to delay the buyback as much as possible, and offload their shares on to them.
You can even see promoters have slowly been selling the stake in it. Public shareholding has itself rose by 2% in the last 3 months. Even the employees are selling. You can check latest shareholder data yourself. So the company does not deserve a PE ratio of more than 10 in the best case.

In other words, quarterly EPS is high single digit =9Rs. Approx
So share price should be 9×4×10 =360Rs.

And if you see, this is the price below which the company was traded usually, before 2020 and even after 2020.
Only the prices were boosted up to 1400+ to trap retail people in excuse of buyback and dividend.

Leaving the politics of buyback apart. But just look at the financials of this buyback.
Quarterly profits is of middle 2 digits = approx 50 crores
Even at PE of 10x
Market Cap should be 50×4×10=2000 Crores
CURRENT MARKET CAP = 5400 CRORES
so expect a 50% downside

SELL HINDUJA!!!
I have talked to alot of people about this buyback and I believe it is going to be cancelled already lost 2 lakhs, It might go to sebi ASM surviellence list

investors won't believe this kind of stocks. promotors gained lot of money but retail holders losing day to day . this stock is example of caution symbol to investors. i will never invest this stock again.

HOW MUCH TIME TO ANNOUNCE THE DATE OF BUYBACK .THIS IS SECOND MONTH IS RUNNING AFTER RECORD DATE. THE COMPANY IS LAGGING THE BUYBACK ISSUE SINCE 1.5 YEARS.MANAGEMENT IS NOT THINKING ABOUT SHAREHOLDERS.THEY GAINED ABOUT 1 BILLION DOLLER OF SELLING HEALTHCARE VERDICT, WHY THEY ARE THINKING .DIVIDEND NOT SATISFIED, BONUS NOT SATISFIED,AND NOW BUYBACK .....................................................