Tender Offer | ₹237.00 Crores | Listed at BSE, NSE | Mon, Apr 12, 2021 - Wed, Apr 28, 2021
NIIT Ltd. Buyback is a tender offer for the repurchase of up to 0.99 crore equity shares at a buyback price of ₹240 per share with a face value of ₹2 per share, aggregating to ₹237.00 crores.
The record date for determining eligible shareholders is Feb 24, 2021. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Apr 12, 2021 and closes on Apr 28, 2021, with the last date for receipt of tender forms being Apr 30, 2021.
The finalisation of buyback acceptance is expected on May 6, 2021, followed by settlement of bids on May 7, 2021.
JM Financial Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar and JM Financial Services Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the NIIT Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Mon, Apr 12, 2021
Offer Closing Date
Wed, Apr 28, 2021
Buyback Price
₹240 per share
Record Date
February 24, 2021
| 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 |
| 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 |
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.
| 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 | 131.50 | 153.42 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2021 | 206.15 | 187.60 | 198.60 |
| Dec-2020 | 207.30 | 168.85 | 182.97 |
| Nov-2020 | 190.50 | 131.50 | 153.43 |
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 Ltd.
8, Balaji Estate, First Floor,
Guru Ravi Das Marg,
Kalkaji New Delhi – 110019
New Delhi, New Delhi, 110019
Lead Manager(s)
Registered Broker
The NIIT Buyback opens on April 12, 2021, and closes on April 28, 2021.
The NIIT Buyback last day to buy is not available as of now.
The NIIT Buyback is a Tender Offer.
NIIT Buyback Schedule
| Buyback Opening Date | April 12, 2021 |
| Buyback Closing Date | April 28, 2021 |
| Last Date for receipt of Tender Forms | April 30, 2021 |
| Finalisation of Buyback Acceptance | May 6, 2021 |
| Last Date for settlment of bids | May 7, 2021 |
| Last Date for Extinguishment of Shares | May 14, 2021 |
The NIIT Buyback is being offered at Rs ₹240 per 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 issue size of NIIT Buyback is 98,75,000 equity shares at ₹240 per share aggregating up to ₹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.
