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Apr 12, 2021 - Apr 28, 2021

NIIT Limited Buyback (NIIT Buyback) Detail

NIIT Limited is a leading Skills and Talent Development Company that has two main lines of business; a.) Corporate Learning Group and b.) Skills and Careers Group

NIIT's Corporate Learning Group (CLG) offers Managed Training Services (MTS) to market-leading companies in North America, Europe, Asia, and Oceania.

The Skills & Careers Business (SNC) delivers a diverse range of learning and talent development programs to millions of individual and corporate learners in areas including Digital Transformation, Banking, Finance & Insurance, Soft Skills, Business Process Excellence, Retail Sales Enablement, Management Education, Multi-Sectoral Vocational Skills, Digital Media Marketing, and new-age IT.

With a footprint in over 30 countries, these business lines offer training and development solutions to Enterprises, Individuals, and Institutions.

NIIT Buyback Detail

Issue PeriodApr 12, 2021 - Apr 28, 2021
Security NameNIIT Limited
Issue TypeTender Offer
Issue Size (Shares)0.99 Crores
Issue Size (Amount)₹237.00 Crores
Buyback Price₹240 per share
Face Value₹2 per share
Listing AtBSE, NSE

NIIT Buyback Issue Timetable

Offer Opens OnApr 12, 2021
Offer Closes OnApr 28, 2021
Record DateFeb 24, 2021
Last Date for receipt of Tender FormsApr 30, 2021
Finalisation of Buyback AcceptanceMay 6, 2021
Last Date for settlment of bidsMay 7, 2021
Last Date for Extinguishment of SharesMay 14, 2021

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 102 Equity Shares for every 919 Equity Shares held on the Record Date
General Category for all other Eligible Shareholders 19 Equity Shares for every 292 Equity Shares held on the Record Date

Company Financials

Summary of financial Information (consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 1,00,598 87,136 85,909
Profit After Tax 1,32,718 8,720 6,368
Net Worth 96,292 28,350 18,938

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 205.95 187.65 198.63
Dec-2020 207.35 168.75 182.88
Nov-2020 190.35 131.5 153.42

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 206.15 187.6 198.6
Dec-2020 207.3 168.85 182.97
Nov-2020 190.5 131.5 153.43

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.

NIIT Buyback Documents

NIIT Buyback Rating

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NIIT Buyback Reviews

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Company Contact Information

NIIT Limited
8, Balaji Estate, First Floor,
Guru Ravi Das Marg,
Kalkaji New Delhi – 110019

Phone: +91-11-41675000
Email: investors@niit.com
Website: https://www.niit.com/india/

NIIT Buyback Registrar

  1. Link Intime India Private Ltd
       Link Intime India Private Ltd
       C 101, 247 Park, L.B.S.Marg,
       Vikhroli (West), Mumbai - 400083

    Phone: +91-22-4918 6270
    Email: niit.buyback2021@linkintime.co.in
    Website: http://www.linkintime.co.in

NIIT Buyback Manager

Lead Manager(s)

  1. JM Financial Consultants Private Limited

Registered Broker

  1. JM Financial Services Limited
    Email: divyesh.kapadia@jmfl.com

Find NIIT Buyback Latest Update

NIIT Buyback FAQs

The NIIT Buyback opens on Apr 12, 2021, and closes on Apr 28, 2021.

The NIIT Buyback is a Tender Offer.

NIIT Buyback Schedule

Buyback Opening DateApr 12, 2021
Buyback Closing DateApr 28, 2021
Last Date for receipt of Tender FormsApr 30, 2021
Finalisation of Buyback AcceptanceMay 6, 2021
Last Date for settlment of bidsMay 7, 2021
Last Date for Extinguishment of SharesMay 14, 2021

The NIIT Buyback is being offered at Rs ₹240 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 102 Equity Shares for every 919 Equity Shares held on the Record Date
General Category for all other Eligible Shareholders 19 Equity Shares for every 292 Equity Shares held on the Record Date

The record date for the NIIT Buyback is Feb 24, 2021.

The issue size of NIIT Buyback is of 0.99 Crores equity shares at ₹240 per share aggregating upto ₹237.00 Crores.

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.

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 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.


5 Comments

5. Iam SK  May 19, 2021 12:42 I Like It. | Report Abuse Reply
Has anybody received payout for NIIT buyback yet?
4. Iam SK  May 19, 2021 12:32 I Like It. | Report Abuse Reply
Has anybody received payout for NIIT buy back of shares yet?
3. Ou Ai  May 6, 2021 17:17 I Like It. | Report Abuse Reply
As expected, due to heavy submission in buyback, small shareholders got a poor acceptance ratio of 15.5%. Those who purchased 800~900 shares at 190 to 200 are in big loss at balance shares quoting at 166.
3.8. Ou Ai  May 9, 2021 05:01 I Like It. | Report Abuse
If more shareholders share their details like holding on record date, shares tendered & accepted , we could try know this better. But, since the time buy back section started on big demand from main board, no one even visits these sections!
3.9. amit K singh  May 10, 2021 18:59 I Like It. | Report Abuse
True..
2. DEEP NEOGY  May 9, 2021 21:06 I Like It. | Report Abuse Reply
got 59 shares out of 200 . AR is 29%
1. Earthking  Apr 30, 2021 22:55 I Like It. | Report Abuse Reply
Any update on the final subscription???